US stock market crash falls April 4th, Donald Trump’s mutual tariffs, US growth concerns: Wall Street benchmarks continued to bleed in Friday’s second consecutive session as energy, financial, materials and technology stocks accelerated a full sale in the US stock market. Investors remained at Tenterhook amid concerns about the global trade war and potential impacts on economic growth amid fears of a recession. The US market managed a somewhat positive deadline following President Donald Trump’s April 2nd tariff announcement, but big sales have been spotted over the next two days amid concerns about a trade war that will hinder the growth of the world’s largest economy.
The Dow Jones industrial average fell to 38,598.1 to 1,947.9 points (4.8%) during the session, in addition to a crash of 1,679.4 points (4.0%) the day before. The S&P 500 plunged 294.8 points (5.5 percent) to 5,101.8, while the noseed 961 points (5.8 percent) of the American high-tech stock-heavy Nasdaq Composite reached 15,589.6 at the weakest level in intraday trade.
Blue Chip Stock, Boeing, 3M, Nvidia, Apple, Applovin, Grail, GE Healthcare, Intel, Tesla and Airbnb were 7-19% spiraled each.
China fights Trump‘Customs duties with more obligations. Investors are worried
On Friday, China announced an additional 34% obligation to imports from the US. Some analysts say China’s actions have regained the fears of the recession due to the trade war.
Here’s how the main US indexes were made at 2:25 PM Eastern time (11:55 PM India):
- DJIA: 38,649.8, 1,896.1 points (4.7%)
- S&P 500: 291 points or 5.4% at 5,105.5
- NASDAQ COMPOSITE: 881.1 points or 5.3% at 15,669.5
- Russell 2000: 79.7 points, or 4.2 percent, at 1,830.8
For weeks, growing concerns about the US president’s harsh trade actions and retaliatory actions by major US trade partners have been in the way of economic growth, giving investors the advantage. The next day you panic on Wall Street and the main index registers the worst slide from the depth of COVID.
Also Read: Donald Trump Announces 10% Baseline Tariffs on All Imports, calling India “very, very strict”
