RE: Q1 Update Coming Soon10 Mar 2025 17:47
markets are ****t1ing a brick over the pond.
here’s the damage:
dow jones industrial average: down 516 points or -1.2% at 42,285 points
s&p 500: down 130 points or -2.2% at 5,639 points
nasdaq composite: down 648 points or 3.5% at 17,547 points
tesla’s shares continue to be hammered – they’re now down 11.8% at $231.65, more than 50% below the all-time peak scaled last december.
the wall street sell-off has pushed up stock market volatility, amid rising concerns that tariffs and trade wars may hurt the us economy.
economists fear that the risks of a “trumpcession” had increased as the president’s brinkmanship and stop-start approach to tariffs rattled global investors, exemplified by last week’s decision to pause us tariffs on goods from canada and mexico for the second time in as many months.
kathleen brooks of the trading platform xtb said trump was putting his political goals ahead of the strength of the economy and the stock market. “[his] flip-flopping on tariffs, and his old-fashioned views of america first, is weighing on consumption and knocking confidence.”