Donald Trump¡¯s tariff triggers worst market crash since 2022, Dow sinks 1,100 points: Netizens say ¡®we can all be poor now¡¯
The US stock market nosedived after Trump¡¯s tariff announcement, with the Dow dropping 1,100 points and investors fearing a global recession. Wall Street users reacted strongly, calling it a ¡°bloodbath¡± and predicting dire consequences for major companies.
The US stock market suffered a massive blow after President Donald Trump announced a round of reciprocal tariffs, triggering fears of a trade war. Investors reacted swiftly, sending major indices into free fall as concerns over economic stability grew.
Wall Street faces steepest drop in years
Within minutes of the market opening, the Dow Jones Industrial Average plunged over 1,100 points, a drop of nearly 2.8%. The S&P 500 fell 3.3%, and the Nasdaq saw a sharp 4.4% decline. This marked the worst trading day for all three indices since September 2022, with traders scrambling for safer assets like government bonds.
Big tech and retail stocks take a hit
Major tech firms suffered heavy losses, with Apple losing 8%, Meta down 7%, and Amazon declining 6%. Retail companies like Walmart, Nike, and Costco also struggled due to their reliance on imports from countries targeted by the tariffs. Apple faced the biggest setback, with analysts warning that the tariffs could cost the company $39.5 billion, threatening its earnings.
Financial sector and bonds react
Banks and financial services companies also saw steep declines, with JPMorgan Chase and Robinhood losing up to 8%. Meanwhile, government bonds saw a rally as investors sought safety, pushing the 10-year Treasury yield to its lowest point since before the last election.
Social media calls it a ¡®bloodbath¡¯
Market watchers took to social media to express their frustration. One user described it as "Trumpeconomics of disruptive controlled chaos: America is waking up to a bloodbath in the stock markets. It is a mayhem of unimaginable proportions,"
Trumpeconomics of disruptive controlled chaos: America is waking up to a bloodbath in the stock markets. It is a mayhem of unimaginable proportions. pic.twitter.com/D9ponJv1gK
¡ª Bla B (@bla_bidza) April 3, 2025
While another said, "Trump fucked all of us. Wall Street is a blood bath today. I¡¯ve never seen the S&P down 200 before, dow is down 1200 and the Nasdaq is down 800. I guess we can all be poor now"
Trump fucked all of us. Wall Street is a blood bath today. I¡¯ve never seen the S&P down 200 before, dow is down 1200 and the Nasdaq is down 800. I guess we can all be poor now
¡ª AC ???? (@mean_toe) April 3, 2025
Many pointed out that American businesses were suffering because of Trump¡¯s tariff policies, calling it a disastrous day for investors ¡°The markets opened deep in the red this morning, with many American companies taking a serious beating. Investors are feeling the heat as major stocks plunge, due solely to Donald Trump¡¯s #LiberationDay tariff announcement. This isn¡¯t just a bad day¡ªit¡¯s a bloodbath"
The markets opened deep in the red this morning, with many American companies taking a serious beating.
¡ª Shea Jordan Smith (@shea_jordan) April 3, 2025
Investors are feeling the heat as major stocks plunge, due solely to Donald Trump¡¯s #LiberationDay tariff announcement.
This isn¡¯t just a bad day¡ªit¡¯s a bloodbath. https://t.co/wNCZQqTXUS
As uncertainty looms, all focus from across the world is now on how the administration and Federal Reserve will respond to this market upheaval.
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Nancy Jaiswal is a journalist who started her career in reporting and has covered both hard and soft news. From serious city news developments to lighthearted lifestyle pieces, she has written on almost everything hapenning in India (except maybe alien invasions¡ªyet!). For her, writing isn¡¯t just work; it¡¯s a passion, an obsession, and sometimes the reason she forgets to reply to texts.
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