๐จ MARKET MELTDOWN: Massive new Trump tariffs have sparked a violent selloff, sending markets into chaos. Volatility exploded as fears of inflation, recession, and escalating trade tensions wiped out trillions in value within hours.
S&P 500 plunged 2.7%, losing about $1.7T.
Nasdaq-100 suffered over $1T in losses.
Hardest-hit sectors:
Big Tech collapsedโApple, Meta, and Tesla all down double digits. Energy giants like BP and Shell slid sharply, while pharma names such as AstraZeneca and GSK were also crushed.
Safe havens surged:
Gold spiked toward $3,500, while defense, healthcare, and commodities rallied strongly.
Goldman Sachs now places recession odds at 20%.
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