The US stock market experienced a significant decline, with over $1 trillion wiped out in a single day. This sharp drop is attributed to various factors, including :

- *Weak July Jobs Report*: The US economy added only 73,000 jobs in July, far below expectations, sparking concerns about economic growth and potentially even a recession.

- *Tariff Uncertainty*: President Trump's announcement of new tariffs on imports from 68 countries, including a 25% tariff on imports from India, has increased costs for US companies and raised fears of retaliatory measures.

- *Interest Rate Expectations*: The Federal Reserve's decision to hold interest rates steady has led to increased expectations of a rate cut in September, with traders now pricing in an 81% chance of a quarter-point rate cut.

The major indices suffered significant losses :

- *S&P 500*: Down 1.2%, its worst single-day performance since June

- *Dow Jones Industrial Average*: Down 451 points, or 1%

- *Nasdaq Composite*: Down 1.6%, with tech stocks being among the hardest hit

Some of the worst-performing stocks include :

- *Nano Labs Ltd*: Down 20.11%

- *Nanophase Technologies Corp*: Down 19.59%

- *Eastman Chemical*: Down 19.03%

- *Tesla*: Down around 20%

- *Axon*: Down around 20%

The market's sensitivity to these factors has led to increased volatility, and investors are closely watching for any signs of progress on trade talks and awaiting Nvidia's results to gauge the market's direction .

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