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Yo_Mama_Been_Loggin

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25. Stock market closes week in bloodbath as Trump's tariffs cause historic two-day drop and wipe out $6 trillion

Fri Apr 4, 2025, 04:56 PM

Friday

The stock market closed with a bloodbath on Friday as the Dow Jones lost 2,231 points and the S&P 500 dropped 6 percent as investors are spooked about the impact of President Donald Trump’s tariff plan.

This marks the worst week for the stock market since 2020, and only the fourth time in history that the Dow lost 2,000 points in a single day. Market-wide losses over the last two days now total a record-breaking $6.4 trillion, according to the Wall Street Journal.

Friday had already started badly for the Dow when it lost 1,000 points at the opening. The plunge just continued from there. The NASDAQ didn’t do better and ended the day with a loss of 962 points. That comes after the NASDAQ lost more than 1,000 points on Thursday during a historically bad day.

The Dow now nears “correction” territory - which is when a market loses 10 percent of value from its high.

https://finance.yahoo.com/news/stock-markets-expected-continue-plunge-122441683.html

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U.S. stocks poised for biggest two-day wipeout in history as market loses $9.6 trillion since Inauguration Day [View all] UpInArms Friday OP

And the cause of all this mayhem? Ziggysmom Friday #1

Nasdaq is in bear market territory as of today, Russell 2000 as of yesterday . . . .nt Bernardo de La Paz Friday #2

The DOW was down at one time today around 1,925 or so. It's bounced back up to 1,700 right now Bengus81 Friday #8

Well, they are all in the red now Farmer-Rick Friday #17

Dow still tanking. I'd wait till Monday and see what happens, Bengus81 Friday #18

bear market - can last for years UpInArms Friday #26

I don't even want to look at my investments and retirement funds because it would really depress me ! kimbutgar Friday #3

Don't. It's not pretty. AllyCat Friday #20

Trump insiders are likely trading based on insider information about his nonsensical policies IronLionZion Friday #4

Yep...people with loads of money can make a fortune in this kind of market Bengus81 Friday #6

Exactly. The headlines scream about how much money taxi Friday #9

And....why would anything change on Monday to make the Markets rise? It won't unless Bengus81 Friday #5

No market goes monotonically downwards to its bottom Bernardo de La Paz Friday #12

Perhaps on Monday a break...but this is a global shit storm Trump has unleashed that Bengus81 Friday #19

He'll do about as much to stop it as he did to stop CoVID.... Trueblue Texan Friday #22

If it weren't for the fact that so many people have 401ks tied to the market... malthaussen Friday #7

True..but as we've told MAGA morons over and over what Trump does to Dems will hurt you too Bengus81 Friday #15

DOW 35k is a black magic number. It starts to dip below that its giving back its post pandemic recovery n/t Cheezoholic Friday #10

DOW just hit -2,000+ on the day. Way to go Trump........ Bengus81 Friday #14

...and just like that... LudwigPastorius Friday #11

Glad I only have about 20% of retirement in equities exboyfil Friday #13

Thanks, republican voters Mysterian Friday #16

The choice of music is perfect. TNNurse Friday #21

Snort. littlemissmartypants Friday #24

And futures after the close are all down more than 5%. Scrivener7 Friday #23

I think that is in 24 hours or compared to Thurs close. I think that is just a percent or so from Friday's close. . .nt Bernardo de La Paz Friday #29

Stock market closes week in bloodbath as Trump's tariffs cause historic two-day drop and wipe out $6 trillion Yo_Mama_Been_Loggin Friday #25

Nasdaq falling into a bear market, on trade war worries. usregimechange Friday #27

Only the best republican people. republianmushroom Friday #28

I took my 401K from a targeted stocks retirement fund Karma13612 Friday #30

Each of the 340 million Americans lost $28,824 Jarqui Friday #31

Quite an achievement! Jack Valentino Saturday #32