Experts warn that the continuation of the conflict can be seriously involved in the technological sector and the economy as a whole.
Companies in the American Stock Market lost about 6.6 trillion dollars on April 3 and 4. The Marketwatch report on this.
Investors are not prepared for President Trump’s announcement of the large -world global tariffs, which has exceeded all forecasts.
Financial markets are pressure on the administration, demanding to reduce planned duties, or to show development in negotiations.
The analysts had previously announced because of the possible increase in trade war, which the United States did not plan to withdraw.
Experts are warning that the continuation of the conflict can be seriously involved in the technological sector and the economy as a whole, increasing the likelihood of a backward and completion of market growth.
The S&P 500 fell 5.97%, exceeding the fall of the 75 days of George Bush Jr., who was the leader of this indicator earlier.
The Russell 2000 Index, which reflects small companies, has reduced by 4.37%, becoming the worst start of the new administration according to the factset.
Dow Jones lost 11.9%, S&P 500 – 15.4%, and Nasdaq, who in February reached a maximum of 20.056.25, fell by more than 22%, entering the “bear” zone with Russell 2000.
As we have written, the Global Stock Markets on Thursday, April 3, a negative reaction after US President Donald Trump introduced duties against U.S. trade partners.
Remember that on Wednesday, April 2, Trump announced the introduction of major duties to imported goods. He called it America’s “Day of Liberation”.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.