The Rundown Stocks Whipsaw on Tariff Drama, Trump Loses Support on Wall St.
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Apr 7, 2025 Recent tariff announcements have sparked a turbulent stock market, causing major indices like the S&P 500 and NASDAQ to drop. Analysts predict a potential recession, highlighted by economic forecasts from Goldman Sachs and JP Morgan. Support for Trump is slipping among Republicans, affecting the IPO landscape. Interestingly, Teva pharmaceutical shares are thriving amidst FDA news, while Chinese companies struggle under U.S. tariffs. Concerns loom over job cuts and economic stability in this unpredictable environment.
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Market Free Fall
- Last week's stock market saw its worst performance since March 2020, with the S&P 500 down 9% and Nasdaq down 10%.
- This sell-off is widespread, impacting assets like Bitcoin, gold, and oil, indicating investor panic.
Trump's Tariff Stance
- Investors hope for positive news from the White House, but Trump remains firm on tariffs.
- He believes these measures are necessary to address unfair trade practices and strengthen the U.S. economy.
Market Volatility
- Markets briefly rose on rumors of a 90-day tariff pause, but the White House denial sent them plummeting again.
- This highlights market sensitivity and dependence on any news regarding tariff policy.