Wall Avenue shares plummeted after Donald Trump refused to rule out the potential for a recession ensuing from his tariffs. The Dow Jones Industrial Common dropped 89 factors, the S&P 500 closed down 2.7% and the Nasdaq sank 4%, its greatest one-day loss in 5 years. Tesla shares nosedived, closing the day down 15% as a backlash towards Elon Musk’s politics intensified. Plus, Japan auctioned off a portion of its emergency stockpiles of rice in an effort to convey costs down.
Market selloff: Nasdaq logs worst day since 2022 as Trump’s tariffs spark recession fears
Wall Avenue shares plummeted after Donald Trump refused to rule out the potential for a recession ensuing from his tariffs.