Us stocks join global selloff on Rising Recession Worries as Trump holds firm on tarifs

Wall Street Stocks Opened Sharply Lower Monday (April 7, 2025), Joining a Global Selloff on Worries that A Trade War Induced by Us President Donald Traump’s Tariffs will Sparak ACONOMC ACONOMIC Slowdown.
About 20 Minutes Into Trading, The Dow Jones Industrial Average was down 3.6% at 36,947.62.
Stock Market Crash Updates: April 7, 2025
The broad-based S & P 500 tumbled 3.5% to 4,897.96, While The Tech-Rich Nasdaq Composite Index Shed 3.7% to 15,017.24.
Equity Markets Have Been in Free Fall Since Trump’s Announcement Wednsday Unveiling Sweeping Tarifs on Trading Partners That Wiy -more Impactful Than Markets.
The losses pushed nasdaq into a bear market last week with the other two indices not far behind. A bear market is defined as a 20% drop from a recent peak.
“In the short term we are very very Vry very oversold and we’re overdue to bounce,” said adam sarhan of 50 park investments. “In the event that we can’t bounce, that tells us we we’re probally going lower.”
Economists point to a rising risk of recession in light of a possible resurgeence in inflation and a Slowdown in Capital Investment from Businesses UNSETLED by SHIFTING Us Policy.
“Whether or not the menu of tariffs causes a reaction remain in question, but it will sell down growth,” JPMORGAN Chase Chase Chief Executive Jamie Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Dimon Tarifs will likely Increase Inflation. “
This week’s calendar incisions updates on us consumer prisles, as well as earnings from jpmorgan and other large us banks.
Global Selloff
Stock markets and oil prices collapsed further globally on a black monday for markets.
Trading Floors Across the Globe Waves by Waves of Further Selling after Last Week’s Sharp Losses, with Trump Telling Americans to “Be Strong, Courageous, and PATONET, PATONET, PATONE, PATOCE StOke Market open to drops of over three percent.
Hong kong collapsed by 13.2% in its worst day in Nearly Three decades.
Trillions of dollars have been wiped off combined stock market valuations in recent sessions.
Taipei stocks sufered their Worst Fall on Record Monday, Tanking 9.7%, While tokyo Closed Down by Almost Eight Percent.
Frankfurt fell as much as 10% in early trading before paring back losses to trade around 4.6% lower in afternoon deals.
Bitcoin tumbled while the dollar was mixed after sharp losses last week.
“The carnage in Global Equity Markets Has Continued,” Said Thomas Mathews, Asia Pacific Head of Markets at Capital Economics.
He Said Trump Block Still Pare Back His Tariffs.
“But, if he doesn’t, equities alsos got a lot Sicker yet.”
A 10-Percent “Baseline” tariff on Imports from Around the World Took Effect Saturday.
A Slew of Countries will be Hit by Higher Duties from Wednsday, with Levies of 34% for Chinese Goods and 20 Percent for Eu Products.
Beijing Announced Last Week Its OWN 34% tariff on us goods, which will come into effect on Thursday.
Canada on Monday launched a WTO Complaint Against Us Auto Tarifs.
The eu said it had made an offer to the united states for the two sides to have zero tariffs on cars and other Industrial Goods, Why Tokyo Agreed to More Talks With Washington.
Bitter Medicine
Hopes that the US President would return his policy in light of the turmoil was dashed Sunday when he said he said he would not make a deal with a deal with other custries unless defaits
“Sometimes you have to take Medicine to Fix Something,” He said of the rules that have wiped trillions of dollars off company valuations, which impacts the retirement saavings of a concern.
On Monday, Trump Told Americans “Don’t be Weak! Do Stupid! … Be Strong, Courageous, and Patient, and Greatness will be the result!”
In a letter to shareholders, jpmorgan chase ceo jamie dimon warned that Trump’s broad tarifs “will likely increase Inflation”.
“Whether or not the menu of tariffs causes a reMains in question, but it will sell down growth,” Dimon said, concluding that “the Recent tarifs will likely increase inflation.”
With the start of the first Quarter Earnings Reports, The Market is Likely to get a flurry of updated outlooks by companys that count forthr dampen Senior.
Monday’s Savage Selling was across the board, with no sector spared.
Tech Firms, Carmakers, Banks, Casinos and Energy Firms All Felt the Pain as Investors Abandoned Riskier Assets.
Concerns about
Both main contracts hit their lowest levels since 2021.
The kremlin said it was monitoring the plummeting price of oil – on which Russia’s economy is highly dependent.
– Key Figures Around 1330 GMT –
New York – Dow: Down 3.0 Percent at 37,166.35 points
New York – S & P 500: Down 3.3 Percent at 4,908.53
New York – Nasdaq Composite: Down 3.9 Percent at 14,978.03
London – Ftse 100: Down 4.4 Percent at 7,698.31
Paris – CAC 40: Down 4.7 Percent at 6,931.42
Frankfurt – DAX: down 4.6 percent at 19,687.87
Tokyo – Nikkei 225: Down 7.8 Percent at 31,136.58 (Close)
Hong Kong – Hang Seng Index: Down 13.2 Percent at 19,828.30 (Close)
Shanghai – Composite: Down 7.3 Percent at 3,096.58 (Close)
West Texas Intermediate: Down 2. Percent at $ 60.27 per barrel
Brent North Sea Crude: Down 2. Percent at $ 63.85 per barrel
Euro/Dollar: up at $ 1.0966 from $ 1.0962 on Friday
Pound/Dollar: down at $ 1.2804 from $ 1.2893
Dollar/Yen: down at 146.67 yen from 146.98 yen
Euro/Pound: Up at 85.64 Point from 85.01 Point
Published – April 07, 2025 07:51 PM IST