Dow drops 1,500 points, S&P 500 loses 4% as stock market rout on tariffs worsens

https://www.cnbc.com/2025/04/02/stock-market-today-live-updates-trump-tariffs.html

by spzx • 1 year ago

19 10 1 year ago

I'd encourage everyone to go take a look at apnews, cnn, really pick your non-right-wing source website this morning. They're extremely consistent.

Then go look at Fox.

The top story when I checked a minute ago is about Congress resisting the tariffs with a highlighted quote about "disloyalty".

The six stories under that are largely weird culture-war stuff.

It's wild.

wj• 1 year ago

You're not kidding. It is linked to on the sixth row of stories. Underneath the row that includes "5 Recipes to Try for Grilled Cheese Month".

clipsy• 1 year ago

To be fair, it’s important that we celebrate grilled cheese month while we can still afford bread and cheese.

nabla9• 1 year ago

KITE Insta-analysis (Kiel Institute Trade Policy Evaluation) shows US short term projection is:

  real output -1.92%
  price index +9.16%
  exports    -24.52%

No other country suffers nearly as much from trade war that Trump started. They have each other to trade with. The US is in trade war with everyone except Russia and Vatican.

lawn• 1 year ago

Trump also didn't raise tariffs against Belarus (Russia's puppet regime).

tocs3• 1 year ago

So is the party over, or is the band just going to take a break? I managed to liquidate much of my (very modest) investments exposed to this sort of thing, couple months ago, and I am wondering what to do with the money in the account.

Odivq• 1 year ago

Ad/marketing budgets are getting cut massively where I work. If this starts happening across sectors, makes me wonder how the whole ad supported tech/content ecosystem is going to handle it? Ever since Covid these budgets have only gone upward. This is the first time I am seeing a big flip.

alabastervlog2• 1 year ago

Uncertainty means everyone pulling back on spending. We've had uncertainty ("I'm tariffing! Wait maybe not. I'm tariffing! Wait maybe not", repeat several times) for a few months now, we were going to see harm from that in the near future regardless.

Costs actually increasing and trade volume dropping is going to be... even worse.

jeffbee• 1 year ago

But I can now call someone a "retard" without getting cancelled, so it was worth it.

Dow drops 1,500 points, S&P 500 loses 4% as stock market rout on tariffs worsens

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