The DOW Jones Industrial Average index dropped by 389 points, i.e. 1.1 percent, which means almost 5000 points of loss within four days of fears related to tariffs. The greatest loss was suffered by Apple, whose costs will increase as a result of new duties imposed on China. At the top of the DOW DOW, it increased by 3.9 percent.
The S&P 500 index dropped by 1.8 percent, and its value approached the decline by over 19 percent. compared to the record level of February. Nasdaq Composite fell by 2.4 percent after prior increase by 4.5% during the day.
The positively started day changed when investors began to notice the reevaluation of the market, which was considered a reason for reflection, as CNBC writes. Investors also consoled signals that the US would strive for negotiations on reducing customs duties on goods from the main trading partners. Trump published on Tuesday at Truth Social that he had a “great conversation” with the PO President of South Korea, which improved the mood. Treasury secretary, Scott Bessent, also said in an interview with CNBC that about 70 countries contacted the USA regarding tariff negotiations.
Apple has been going to the worst period since 2008.
Nevertheless, the relief lasted only a moment, and the shares of companies such as Apple, which lost 4 percent. After prior increase by 4 percent, they inherited. Apple shares lost about 22 percent. Over the past four commercial days and are heading towards the worst four -day period since 2008.
The White House confirmed that from the north of the eastern (i.e. 6 Polish time) a total duty of 104 percent will be imposed. for Chinese goods.
