The stock market is facing turmoil after President Trump's unexpected tariff announcement, leading to historic losses for the S&P 500 and Nasdaq Composite. Investors are grappling with fears of a recession as tariffs raise costs and pressure corporate profits.
The S&P 500 has officially entered correction territory, falling more than 10% from its peak as Donald Trump’s escalating trade wars send shockwaves through the market. With tariffs on steel and aluminum now in effect, and threats of new tariffs on European goods, investors are on edge. The Nasdaq Composite is also feeling the pressure as Wall Street grapples with uncertainty and volatility.
