Bloodbath in US Markets: S&P 500 and Nasdaq at Over 6-Month Lows
The US stock market has been experiencing a tumultuous ride in recent times, and yesterday was no exception. On Monday, the S&P 500 and Nasdaq indexes hit their lowest points in over six months, sending shockwaves through the financial community. The massive selloff was fueled by investor worries over US President Donald Trump’s upcoming 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 indices fell sharply amid widespread selling by investors, who are increasingly concerned about the potential impact of tariffs on the global economy.
The selloff was not limited to the S&P 500 and Nasdaq. The Dow Jones Industrial Average also fell sharply, down 650.41 points (2.15%) to 23,494.13. The broad-based S&P 500 Index, which tracks the performance of 500 large-cap US stocks, has been under pressure in recent weeks due to rising tensions between the US and its trading partners.
The latest decline was sparked by reports that President Trump is planning to announce new tariffs on imported goods, including steel and aluminum. The move is expected to be a major blow to the US economy, which has already been showing signs of slowing down. The tariffs are also likely to lead to retaliatory measures from other countries, which could further exacerbate the situation.
The news sent investors scrambling to sell their positions, causing the VIX, also known as the fear index, to surge to its highest level in over two years. The VIX, which measures the expected volatility of the S&P 500, has been a reliable indicator of market sentiment in the past. Its recent surge suggests that investors are increasingly worried about the potential impact of tariffs on the market.
The selloff was not limited to the US market. Global stock markets also fell sharply, with the Shanghai Composite Index down 2.1% and the FTSE 100 Index down 1.2%. The decline was widespread, with most major stock markets around the world experiencing significant losses.
The impact of tariffs on the global economy is still unclear, but many experts believe that they could have devastating consequences. The tariffs are likely to lead to a decrease in global trade, which could have a negative impact on economic growth. The tariffs could also lead to inflation, as businesses pass on the increased costs to consumers.
The selloff in the US market has been ongoing for several weeks, with the S&P 500 and Nasdaq both experiencing significant declines. The S&P 500 has fallen over 10% from its recent high, while the Nasdaq has fallen over 12%. The declines are a significant concern for investors, who are worried about the potential impact on the economy.
The recent decline in the US market has been fueled by a number of factors, including rising interest rates and concerns over the impact of tariffs on the global economy. The Federal Reserve has been raising interest rates in recent months, which has led to a decrease in the value of stocks. The tariffs are also a major concern, as they could lead to a decrease in global trade and have a negative impact on economic growth.
In conclusion, the recent decline in the US market is a significant concern for investors, who are worried about the potential impact on the economy. The selloff was fueled by investor worries over US President Donald Trump’s upcoming announcement of tariff plans, which is expected to have a major impact on the global economy. The recent decline in the S&P 500 and Nasdaq is a significant concern, and investors will be closely watching the market in the coming days to see if the trend continues.
Source:
https://www.reuters.com/markets/us/futures-tumble-tariffs-fuel-recession-worries-2025-03-31/
