- S&P 500 Index Corrections were made on Thursday, Wednesday, Wednesday, Wednesday, Wednesday, Wednesday, Wednesday, Wednesday, Wednesday, Wednesday, followed by Trump’s 200% tariff threats on European wine and champagne. While inflation cooled in February, the news wasn’t enough to save the Standard & Poor’s from a 10% decline.
The most popular index fell into corrections on Thursday, amid concerns about President Donald Trump’s latest tariff threats, latest inflation data and substantial government shutdowns.
The S&P 500 fell 1.4% on Thursday, down more than 10% from its index three weeks ago, falling into corrections. Wall Street believes the market is correct because the index has dropped by more than 10% from the recent peak.
In addition, technology-centric Nasdaq Composite materials, nearly 2%, have entered the correction field as of last week. this Dow Jones The Jones industrial average fell nearly 550 points and slipped 1.3%.
“I think what the markets tell us is that they are very focused on the potential of recession,” Kristina Hooper, chief global market strategist at envesco New York Times. “This is certainly not what the market is expected to be in 2025.”
Recent inflation data show that prices are cooling down after the consumer price index increased its seasonal adjustment to 0.2% in February, setting inflation at 2.8%. Ministry of Labor.
Cooling prices is not the reason for celebration, as Trump’s recent tariff threats have put inflation on Wall Street.
Earlier Thursday, Trump warned that the European Union announced that the group would impose a 50% tax on American whiskey and bourbon and a 200% tariff on European wine, champagne and other spirits. EU tariffs are quoted on Trump’s global tariffs on steel and aluminum.
“In just a few weeks, the wider market has changed from record highs to correction areas,” Adam Turnquist, chief technical strategist at LPL Financial Adam Turnquist, said in a note. CNN. “Tariff uncertainty has captured much of the responsibility for sales pressure and has exacerbated the focus on economic growth.”
Fear of government closures continues to increase investor suspicion. Senate Democrats want to block Republican spending bills to avoid shutdowns and ask Republicans to accept the Blue Plan until April 11.
While Wall Street wants markets to be stable, there seems to be tariff troubles, as Trump told reporters he would not consider Canada’s tariff amnesty.
“I’m sorry, we have to do that,” he said.
This story was originally fortune.com
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