WASHINGTON: The stock market experienced a significant downturn on Friday, with the Dow Jones Industrial Average plummeting by 2,231 points and the S&P 500 falling 6 percent. Investor anxiety surged over the potential repercussions of President Donald Trump’s tariff strategy, leading to widespread selling across major indexes.
US stock market experienced its worst week since 2020, with the Dow Jones Industrial Average suffering a staggering loss of 2,000 points in a single day for only the fourth time in history. Recent reports from the Wall Street Journal indicate that market-wide losses have reached an unprecedented $6.4 trillion over the past two days.
Friday’s trading saw the Dow open with a drop of 1,000 points, and the downward trend continued relentlessly throughout the day. The NASDAQ also faced significant losses, ending the day down by 962 points, following a decline of over 1,000 points on Thursday—a day marked by a historic market collapse.
The Dow is now approaching “correction” territory, defined as a 10 percent decline from its peak value.
Market sentiment on Wall Street is increasingly pessimistic, largely driven by heightened fears of recession stemming from President Trump’s recently announced tariffs. The President outlined new tariffs of at least 10 percent on nearly every nation, framing them as necessary for the fair treatment of American manufacturers. However, numerous experts caution that these tariffs could trigger broader economic challenges.
Analysts are declaring the end of the bull market—a period characterized by rising prices and positive investor sentiment.
Emily Bowersock Hill, CEO and founding partner of Bowersock Capital Partners, stated, “The bull market is dead, and it was eradicated by ideological decisions and self-inflicted wounds. While we may be nearing a short-term bottom, we remain apprehensive about how a global trade war could stifle long-term economic growth.”
Another analyst, Dan Ives of Wedbush Securities, provided a stark warning, likening the impact of the tariffs to a regression in economic progress. “The economic repercussions of these tariffs are hard to quantify, but they could effectively set the U.S. tech industry back a decade as China advances unhindered,” he indicated in a report referenced by CBS News.
