New York (AP) – The worst crisis of Wall Street since the Covid CVID flies in a higher transmission.
S & P lost 500 after 6% China matched President Donald Trumps great growth In the recalculated tariffs in this week. Increased stakes in the movement trade war This can end with a recession that hurts everyone. Not even better than expected It was usually enough to stop sliding in the US business market, which is the economic point of each month.
Damla, since 2020, when the pandemia passed through the global economy, has closed the worst week for S & P 500 since 2020. The Dow Jones industry fell by an average of 2.231 points or 5.5%, Nasdaq composition to take more than 20% below the record set below in December.
So far, there were fewer those who won the financial markets from the Commercial War. Shares for 500 companies in the S & P 500 index fell on Friday. The price of crude oil since 2021 has hit the lowest level.
China’s response to US tariffs caused immediate acceleration in the markets in the world. The Ministry of Trade of Beijing will meet 34% of imports from the United States on the import of all US products dated April 10, he said. The United States and China are the world’s largest economies.
Markets briefly restored some losses after the release of the US Affairs Report on Friday morning, which accelerated the employer from the previous month, he said. The US business market has been relatively strong since 2025 and became a Linchpin that keeps the US economy outside the recession.
However, the information of this work was back and the fear of the fancier in financial markets is due to the future.
“The world has changed and economic conditions changed,” said Rick Rieder, head-investment director of global stable income in Blackrock.
This is the center of the upcoming center: Will the War of Commerce will cause global recession? If you have, stock prices may need to go down more than them. The S & P is 17.4% less than a record set in February 500.
Trump It seemed undoubtedly. “It’s a great time to be rich” after writing a private club in Florida, on social media. “This is a great time to be rich.”
Federal reserve can be able to preliminate the rates in the economy by cutting interest rates that can encourage debt and spending households. However, the Fed may have freedom of moving more than he wants.
Fed Chairman Jerome Powell Tariffs said that the tariffs could take the expectations of inflation on Friday. This can cause more damage than high inflation, because it can only control the period of bad behavior that worsens inflation. Us Households have already been said Their bills they bend to get dramatically.
“Our commitment is to determine because the long-term inflation expectations are not in a good maintenance and a one-time increase in price levels,” said Powell.
Low prices can indicate a hesitation to cut the rates as inflation can give more fuel.
Very long will depend on how many of Trump’s tariffs stay and what other countries are retaliated. Hoping a part of the wall street, Trump, after the talks, will reduce tariffs from other countries after “winning”.
Trump gave mixed signals about it. On Friday, if Vietnam can agree in the United States, he wants to zero the tariffs, “If” China criticized the Trump’s revenge, “Something they did not do.”
Trump said Americans could feel “Some pain” It is also worth it for the tariffs, but it is also worth using long-term targets, including more production work. On Thursday O The situation was similar to the medical operationWhere the US economy is sick.
“Investors who look at their portfolios could feel like an operation carried out without anesthesia,” he said.
However, Jacobsen also said that the sooner the next surprises of the investors were discussed at how fast tariffs were discussed. “The recovery speed will depend on how and how quickly, officials said.”
The shares of companies working in China in Wall Street fell in some sharp losses.
Dupont China’s group, the duplet Chinese group, a subsidiary of the chemical giant of China’s regulators, decreased by 12.7% after starting an anti-trust investigation with the Dupont Chinese group of regulators. It is one of several events that target American companies and revenge for US tariffs.
GE Health took 12% of the income from the Chinese region last year and decreased by 16%.
All 322.44 points in S & P 500 fell to 5,074.08. Dow Jones has dropped from 2231,07 to 38,31,07 to 38,31,07 to 38,314.86 and fell to 962.82.79.
In stock exchanges abroad, Germany’s DAX 5%, France’s CAC 40, 4.3%, Japan’s Nikkei 225 to 225.
The treasury product fell in the bond market, but they fell after the careful expressions of Powell’s inflation. Productivity in the 10-year treasury fell from 4.01% to 4.01% on Thursday and about 4.01% of about 4.80% earlier this year. Went down 3.90% in the morning.
___
AP writers contributed to Jiang Junzhe, Huizhong Wu and Matt Ottt.
