Tuesday, June 17, 2025
HomeNewsSPECIAL REPORT: Stock market plunges after Trump tariff announcement

SPECIAL REPORT: Stock market plunges after Trump tariff announcement

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The markets closed down around 4% after President Donald Trump’s announcement to slap reciprocal tariffs on global trading partners. The S&P 500 fell 4.8%, while the Nasdaq fell 6% — both their worst since 2020. The Dow Jones Industrial Average declined 4%, or more than 1,600 — its worst sell-off since 2022.

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21 COMMENTS

  1. ⁠ We created tariffs in 1922, 1927-9 and ended them in 1934. Because it only made the international trade worse. I am not pro slave labor in third world countries I oppose that honestly. But America learned the tariffs mistake 100 years ago

  2. Yes, Bank of America (BAC) has invested in Jumia Technologies AG (JMIA). According to Yahoo Finance, Yahoo Finance and Nasdaq lists Bank of America as a major institutional holder of JMIA stock. As of March 31, 2025, Bank of America held 711.3k shares. Fintel also confirms this holding, referencing a 13F filing on May 15, 2025.

  3. I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270K portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.

  4. AI stocks will dominate 2025. Why I prefer NVIDIA is that they are better placed to maintain long term growth potential, and provide a platform for other AI companies. I know someone who has made more than 200% from NVIDIA. I'll also take any other recommendations you make.

  5. Now that the markets has grasp that Trump is serious about tariffs, it’s going to hit hard. If the US cuts itself off from global trade, that isolationism is going to send shockwaves

  6. Stock market rises over 2900 points to over 40000. Tesla stock up 23% or over $50 a share. And NBC is hemorrhaging viewers as people realize that it seems to be a communist front organization!😅😅😅

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