Stock Market Slump: Dow Falls 450 Points as Trump Policy Uncertainty Weighs
The US stock market pulled back on Thursday as investors scrutinized Walmart's cautious outlook and assessed the impact of President Trump's planned tariffs and policy shifts, leading to a 1% decline in the Dow Jones Industrial Average. The S&P 500 also retreated, losing 0.5%, its second record close in a row, while the Nasdaq Composite fell about 0.5%. Walmart's decline combined with drops in Goldman Sachs and JPMorgan weighed on the Dow.
- This market volatility reflects the growing unease among investors as to how Trump's policies will affect corporate America, potentially setting a precedent for future market reactions to policy changes.
- How will the impact of Trump's tariffs and policy shifts on the overall economy be assessed by regulatory agencies and financial institutions in the coming months?