It was the day when The main indexes of the New York stock exchange recorded drops by 4-6 percent. According to “Wall Street Journal”, Dow Jones Industrial Average sank by 3.98 percent, Nasdaq lost 5.97 percent, and S&PC ended the day in the minus with a result of 4.84 percent. For all three indexes, it was the largest one -day declines since 2020, when the first months of the pandemic shocked the stock exchange.
The rapid scale of the company's value is a direct effect of Trump's decision announced after closing Wednesday's sessions. The former US president has announced the introduction of customs duties on goods from all countries that are to apply from 10 percent. up to even 49 percent
Particularly severely new rates will include the largest trading partners of the United States: In the case of European Union and China countries, the rates are expected to amount to 20 percent, respectively. and 34 percent Asian countries such as South Korea, Japan, India, Vietnam and Bangladesh will also include high duties.
“Wall Street Journal” indicates that companies have suffered the most, which largely base their production on components and materials imported from abroad. As a result, one of the biggest losses was recorded by companies from the consumer electronics, furniture and clothing production sector. Nike, the iconic sports brand, lost almost 15 percent. your value. GAP, a popular clothing network around the world, has fallen by 20 %, while Dell, an American manufacturer of computer hardware, recorded a loss of 19 %. HEWLETT PACKARD share prices were decreased by 14.6 percent, and Apple, leader of the technology industry, ended a session with a discount of 9.25 percent.
See also: Wall Street shines red. Sharp declines in response to the duties
As Bloomberg notes, Thursday events at Wall Street affect the wider economic picture of the first weeks of Trump's presidency. ABOUTD his office, S & P500 – representing the shares of the largest companies – fell by 10 %, which is the worst beginning of the presidency in the USA since George W. Bush. Let us remind you that it was during his term that the so -called Internet bubbles at the turn of 2000 and 2001, which led to the collapse of numerous startups.
