Breaking News: S&P 500 Slumps 12% Amid Heightened Tariff Fears – Live Updates on Stock Futures

Market Reaction to Tariffs: A Closer Look

Stock futures took a hit this week as investors prepared for new tariffs introduced by President Donald Trump. Many felt the impact, with the S&P 500 nearing a bear market. This recent downturn followed the largest sell-off in the market since the pandemic began in 2020.

On Tuesday, futures for the Dow Jones Industrial Average dropped by 469 points, which is about 1.2%. The Nasdaq-100 saw a decline of 1.8%, while S&P 500 futures fell 1.5%. The mood was tense, with fears surrounding the tariffs contributing to a wave of selling that has gripped the market for several days.

In just four days, the Dow lost over 4,500 points, and the S&P 500 suffered a 12% decrease. The Nasdaq Composite dropped more than 13%. Tech giant Apple was among the hardest hit, seeing its shares fall nearly 23% during this time. This represents Apple’s worst performance over four days since October 2000, as the company braces for higher costs due to tariffs on imports from China.

Recent statistics show that tariffs will include a staggering 104% levy on certain Chinese goods. Other countries, like Canada, have announced retaliatory measures. Canada plans to impose a 25% tariff on U.S.-made vehicles that do not comply with the United States-Mexico-Canada Agreement. This action is expected to escalate tensions between the two nations and hinder trade.

Expert Insights

Investment experts are closely watching this situation. Piper Sandler analyst Andy Laperriere pointed out that while tariffs might eventually decrease, they are likely to remain at historically high levels. "Tariffs are more likely to go higher in the near term, although minor deals could emerge," he suggested.

User Reactions and Social Media Trends

Social media has been abuzz with reactions to the tariff news. Many users expressed concern about how rising prices might affect their wallets. Pundits and analysts are also weighing in, debating whether these tariffs will help or hurt the economy in the long run.

Conclusion

As the market navigates these turbulent waters, investors are urged to stay informed. The Federal Reserve’s upcoming meeting minutes could provide more insight into economic conditions and potential shifts in monetary policy. Keeping a close eye on both domestic and international responses to these tariffs will be crucial for understanding future market dynamics. For ongoing updates, platforms like CNBC provide real-time information on market trends and economic changes.

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