The session overseas from the beginning did not announce that the “Boom” promised by Donald Trump “would start today. It was quite the opposite. All main indexes opened red.
At 9.30 (at 15.30 Polish time), i.e. at the opening of the session in New York, The DOW Jones index added by 2.66 percent, the S&P 500 index lost 3.32 percent. values, and NASDAQ technological by 4.5 percent
Not much changed during the day. Declines, hour by hour, only grew. Ultimately, the American stock exchanges ended the first session after the “Liberation Day” with a great escape of investors. Dow Jones lost 3.98 percent, S&P 500 fell by 4.84 percent, and Nasdaq lost as much as 5.97 percent.
The scale of declines is best evidenced by the fact that, as CNBC notes, in the case of the S&P 500 and NASDAQ index, we are talking to the change at the level of June 2020, when sales related to Covid-19 pandemicia hit the American indexes.
Despite these results, Donald Trump does not gray optimism. Even before the opening of the stock exchanges, he posted on the Truth Social Post platform referring to the painful effects of the introduction of duties. “The operation is over! The patient survived and recovery. The forecast is that the patient will be much stronger, larger, better and more resistant than ever before“.
Not much changed during the day. Asked about duties, already during the session and closer to its end, Trump said “goes very well.”
“The markets will survive the boom, the actions will survive the boom, the country will survive the boom,” he said.
Trump's statement was his first from the announcement of duties for imported goods from around the world.
