Stock market plunge due to trade shock
The biggest stock-market plunge since 2020 was sparked by a trade shock, disappointing investors who were hoping for an end to trade-policy uncertainty after President Donald Trump's tariff announcement. The S&P 500 dropped 4.8% as a result.
Key Points
- Trade shock led to biggest stock-market plunge since 2020
- Investors were disappointed by lack of clarity on trade-policy from President Trump
- S&P 500 dropped 4.8% in response