On Thursday morning, Wall Street experienced a significant market sell-off, described by CNBC anchor Sara Eisen as 'ugly.' As the S&P 500 fell by 3.7 percent and the Nasdaq dropped 4.5 percent, the Dow Jones Industrial Average plunged by nearly 1,600 points before slightly recovering. Eisen attributed this drastic reaction to the tariffs announced by President Trump, causing investors to reevaluate growth outlooks, indicating a sense of panic in equity markets with little refuge for stakeholders amid the downturn.
Big market sell-off this hour, it is ugly out there! The S&P 500 down 3.7 percent. The Nasdaq's down four-and-a-half percent. Not many places to hide in this equity market today.
Investors digest and process weaker growth on this worse-than-worst-case scenario as we're reading about is the reaction to the tariffs.
Collection
[
|
...
]