Bloodbath in US Markets: S&P 500 and Nasdaq at Over 6-Month Lows
The US stock market experienced a bloodbath on Monday, with the S&P 500 and Nasdaq indexes plummeting to their lowest levels in over six months. The indices fell sharply amid widespread selling pressure, fueled by concerns over US President Donald Trump’s impending announcement of tariff plans.
At 09:44 am (US time), the S&P 500 was down 81.90 points (1.47%) to 5,499.04, while the Nasdaq was down 409.48 points (2.36%) to 16,913.52. The sharp decline in the indices came as investors grew increasingly anxious about the potential impact of tariffs on the global economy.
The news sent shockwaves through the financial markets, with investors scrambling to sell their holdings and reduce their exposure to the US market. The Dow Jones Industrial Average was also impacted, falling 621.83 points (2.02%) to 31,364.83.
The selloff was led by technology and financials, two of the most heavily weighted sectors in the S&P 500. The Nasdaq, which is heavily influenced by technology stocks, was particularly hard hit, with many of its constituent companies experiencing significant declines.
The rout in the US markets was not limited to the S&P 500 and Nasdaq. Other major indices, such as the Russell 2000 and the S&P 400, also fell sharply, with the Russell 2000 declining 2.35% and the S&P 400 falling 2.11%.
The decline in the US markets was mirrored in other global markets, with many major indices experiencing significant declines. The FTSE 100 in the UK fell 1.35%, while the DAX in Germany declined 1.22%. The Japanese Nikkei 225 also fell, declining 1.12%.
The cause of the selloff was largely attributed to concerns over US President Donald Trump’s upcoming announcement of tariff plans. Investors are worried that the tariffs will lead to a trade war, which could have significant negative impacts on the global economy.
The US and China have been engaged in a trade war for several months, with both sides imposing tariffs on each other’s goods. The situation has escalated in recent weeks, with both sides refusing to back down.
The tariffs have already had a significant impact on the global economy, with many countries experiencing declines in their exports. The US has been particularly hard hit, with its exports to China declining significantly.
The selloff in the US markets was also fueled by concerns over the potential impact of the tariffs on the US economy. Many investors are worried that the tariffs will lead to higher prices for consumers, which could have a negative impact on consumer spending.
The decline in the US markets was also influenced by concerns over the health of the global economy. The International Monetary Fund (IMF) has warned that the global economy is facing significant risks, including a potential recession.
The IMF has attributed the risks to a number of factors, including the trade war and the impact of climate change on the global economy. The organization has also warned that the global economy is facing significant challenges, including high levels of debt and low levels of growth.
In conclusion, the selloff in the US markets was a significant event, with the S&P 500 and Nasdaq indexes falling to their lowest levels in over six months. The decline was fueled by concerns over US President Donald Trump’s upcoming announcement of tariff plans, as well as concerns over the health of the global economy.
The impact of the tariffs on the global economy is still unclear, but many investors are worried that they could have significant negative impacts. The decline in the US markets was also influenced by concerns over the potential impact of the tariffs on the US economy, as well as concerns over the health of the global economy.
Source:
https://www.reuters.com/markets/us/futures-tumble-tariffs-fuel-recession-worries-2025-03-31/
