NapThe EW York – The S&P500 has reduced its record by more than 10% after President Donald Trump’s latest growth in his trade war.
The S&P 500 had previously submerged its loss by 1.5% compared to 1.4%, which put it below 9.9% from its record. The Dow Jones Industrial Dysfunction was at 1:32 pm of the east time, and the Nasdaq composite was 1.2%.
Trump said they would increase tariffs on steel and aluminum coming from Canada, double their planned increase by up to 50%. The President said that it was a response to the move to the Canadian province after Trump began threatening tariffs on one of the most important trade partners in the United States.
Such head-spinning moves are becoming regular following a scary ride to investors, at least 1%, above or below, seven times in the last eight days. As a result of the uncertainty of Wall L Street, the result of how much pain is to endure the economy through tariffs and other policies by Trump tariffs and other policies to introduce the country and the world.
“The only thing that is meaningful will be fifty first state for us,” Trump announced to get into his trade war. ” “All this will make tariffs, and everything else, will disappear completely.”
Tuesday’s drops also followed more warning signs about the economy as Trump’s on -and -off -rollout on Tariff’s rollout causes confusion and pessimism for US homes and businesses.
Such tariffs can damage the economy by raising prices for US consumers and liking global trade. But even if they end up getting lighter than fear, the whip move can still create sufficient uncertainty to the US companies and consumers to take them to economy-free paralysis.
Delta Air Lines said late on Monday that it was already seeing a change in confidence among customers, which is affecting the demand for nearby bookings for its flights. Who forced the airlines to do its forecast for revenue growth in the first three months of 2025, below the range of 7% to 9% below 3% to 4%.
Delta’s stock has dropped 8.5%.
Southwest airlines also reduce its prediction for an important underlying income, and it was especially pointing to low -government travel, which includes the softness and demand trends in the bookings as wildfires and “macro environment weakened in California.”
Although its stock rally of 8.7%, however, the airline said it would soon start charging some passengers to check the bags and announced changes to encourage its most loyal customers.
Technology.7% was reduced by 7.7% after the profits and revenue reported in the recent quarter by a large technology company, which lowered the expectations of analysts.
Helping market losses to investigate were many large tech stocks, which in recent months have been a bit stable after the wall was built. Elon Musk’s Tesla increased 2.1%, for example, Trump said he was “Baby ‘. Will buy Tesla in support of. “
Tesla’s sales and brand are under pressure as Musk has made efforts in Washington Shington to reduce costs by the federal government. Tesla’s stock is below 43.8% for the younger year.
Other big tech superstars, who recorded the market after recording records in recent years, were also a little stronger. NVIDI has so far added 1% to reach its loss to 19.6%. It struggles because market selling stocks, especially artificial-intelligence technology, have hit the stocks of Wall L Street.
The main reason for some such superstars was that the S&P 500 recently made a record as February 19. Only seven of them were more than half of the total return of the S&P 500 last year: Alphabet, Amazon, Apple Pal, Meta Platform, Micros .ft, Nvvidia and Tesla.
City strategists say they suspect that the AI bubble has already been fully played “and such companies could lead the US stock market to its years of killing other markets around the world. But” for the next few months, “strategists wrote in a report,” U.S. Exceptionalism is at least pause. “
In stock markets abroad, which is mostly defeating the United States this year, it was indexed in most parts of Europe and Asia.
Shares in Shanghai rose 0.4% and were almost unchanged in Hong Kong as China’s annual national Congress wrapped its annual session with some steps to help the slow economy grow.
In the Bond Market, the treasury yield remained a bit stable after disturbing the concerns about the US economy in recent months. At the end of Monday, the yield of the 10 -year treasury has increased from 4.22% to 4.24%. In January, it was close to 4.80%.
A report released on Tuesday morning shows that US employers were announcing 7.7 million job openings in late January, exactly as economists expect. It is the latest indication that the U.S. The job market remains relatively solid, now, at least, after the closure of a healthy pace last year.
This story originally appeared on Time.com read the full story
