Stock Market Today: Dow, S&P 500, Nasdaq Wipe Out Trump-Led Gains as Tariff Sell-Off Continues
U.S. stock markets have erased all post-election gains as new tariffs on Canada, Mexico, and China took effect, leading to a significant sell-off across major indexes. The Dow Jones Industrial Average fell approximately 1.5%, while the S&P 500 and Nasdaq Composite experienced similar declines amid rising fears of a trade war. Investor sentiment has shifted dramatically, with concerns over inflation and growth overshadowing the earlier optimism surrounding pro-business policies.
- This situation highlights the volatility of financial markets in the face of geopolitical decisions, reflecting how quickly investor confidence can change based on government actions.
- What long-term effects could these tariffs have on U.S. economic growth and international trade relations?