US Market closes High pre Good Friday? Errh...
@JC888:
On Wed, 16 Apr 2025, US stock markets experienced another sharp decline, with all 3 major indices closing significantly lower. (see below) This marked a continuation of the week’s downward trend, erasing earlier gains and deepening investor anxiety. By the time market called it a day: DJIA : -1.73% (-699.57 to 39,669.39). S&P 500: -2.24% (-120.93 to 5,275.70). Nasdaq: -3.07% (-516.01 to 16,307.16). Root Causes. The market’s fall was driven by a combination of escalating trade tensions and disappointing corporate news: (1) Fed’s Chair Pessimism: President Donald Trump’s aggressive new tariffs on Chinese imports and the uncertainty surrounding future trade policy have rattled investors. Fed Chair Jerome Powell warned that these tariffs are unprecedented in scale and could result in (a) h