- S & P 500 Trump’s 200% tariff threat to European wines and champagne was recorded on Thursday after three weeks after the record high. While the inflation was cooled in February, the news was not enough to prevent S & P from falling 10%.
The most popular index was corrected on Thursday due to concerns about President Donald Trump’s latest tariff threat, most recent inflation data and the closure of the specified government.
The S & P 500 decreased by 1.4% on Thursday, falling more than 10% from the record high that reached three weeks before, and fell to correction territory. Wall Street is considered to be an index of more than 10% from the recent highs.
In addition, the technology -driven NASDAQ composite slipped almost 2%and has already entered the correction area as of last week. Dow Jones Industrial Average has dropped almost 550 points.
“What the market tells us is that they are very concerned about the potential of the economic recession.” New York Times. “It is definitely not expected by the market in 2025.”
The most recent inflation data suggests that the price is blocked after the consumer price index has increased by 0.2% in February after the seasonal adjustment in February. Ministry of Labor.
Trump’s most recent tariff threats are worrying about inflation at Wall Street, so the blocking price is not the cause of celebration.
At early Thursday, Trump warned that 200%of European wine, champagne and other spirit would impose a 50%obligation on the US whiskey and Bourbon on retaliation by the European Union, retaliated by the European Union. europe
LPL Financial Adam Turnquist’s chief technology strategist said, “In a few more weeks, the wider market has gone from record best to orthodontic territory.” CNN. “Target uncertainty has given up on most of the criticism of sales pressure and is worsening economic growth.”
The fear of the government closing is added to the investor meeting theory. The Senate Democratic Party has requested to block the Republican expenditure bill to block the Republican expenditure bill and to accept a blue plan to supply the GOP to GOP by April 11th.
Wall Street hopes for market stability, but Trump will not consider Canada for customs pardons.
“Sorry. We must do this.” He said.
This story was originally on Fortune.com.
