English
Dow Jones Drops 400 Points as Market Concerns Over Trade Policies Intensify
Wall Street Sees Sharp Decline Amid Tariff Worries
U.S. stocks experienced a sharp decline on Thursday, with the Dow Jones Industrial Average falling over 400 points as investors reacted to mounting concerns over U.S. trade policies and their impact on global markets. The S&P 500 dropped 1.8%, while the Nasdaq Composite lost 2.6%.
U.S.-China Trade Tensions Weigh on Markets
New U.S. tariffs on imports from China, Canada, and Mexico took effect, triggering retaliatory measures from these countries. In an effort to calm market fears, President Donald Trump announced a temporary exemption for certain Mexican imports. However, economic uncertainty continues to weigh on investor sentiment.
Tech and Semiconductor Stocks Decline
The technology sector was among the hardest hit, with shares of Marvell Technology plummeting 18% following disappointing earnings guidance. Other semiconductor stocks, including ON Semiconductor, Taiwan Semiconductor, and Nvidia, also suffered significant losses.
Tesla Stock Suffers Longest Weekly Losing Streak
Tesla Inc. shares dropped 6%, closing at $263.64 per share, marking a 10% weekly loss. This decline extends Tesla’s longest-ever weekly losing streak, raising concerns among investors about the company’s near-term outlook.
Market Volatility Remains High
With ongoing trade tensions, investors are closely watching for potential policy shifts and the broader impact of tariffs on global economic growth. Market uncertainty remains a key factor, leading to increased volatility in the coming weeks.
