The US stock market lost $3.4 trillion due to tariffs imposed by the Donald Trump administration on goods from Canada, Mexico and China. As IZ reports with reference to Bloomberg, significant losses were suffered by shares of large technology companies, including Tesla and Nvidia, which fell by 40% and 24% respectively from their peak values. The Russell 2000 index, which rose after Trump's election, also lost 14% from its maximum, and risky asset stocks and Bitcoin fell sharply.
Trump's tariffs, including a 25% tariff on goods from the US's largest trading partners, have sparked significant investor concern. Investors have been selling off tech giants and companies with high revenues, sending the market into a tailspin. The S&P 500 index has fallen 5.9% from its record high, and the market's losses are widening. Analysts say a possible tariff review could restore investor confidence.
Among the companies affected were representatives of the artificial intelligence sector, such as Nvidia, which lost $ 800 billion in just one day. The tech giants of the “Magnificent 7” group also suffered significant losses, and Tesla shares fell more than 40% from their peak. The market continues to fluctuate amid concerns about new tariffs and the possible consequences for the global economy, as investors await further actions from the Trump administration.
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