#BinanceEarnYieldArena US Stocks Plummet to Worst Loss Since COVID-19 Pandemic as Trump's Tariffs Rattle Investors

In a shocking turn of events, the US stock market has suffered its worst single-day drop since the COVID-19 pandemic, with the S&P 500 Index plummeting 4.8% and the Dow Jones Industrial Average shedding 4%.¹ ² This drastic downturn comes on the heels of President Trump's announcement of sweeping new trade tariffs, which has left investors reeling.

The tariffs, imposed on imports from countries like China and the EU, have sparked widespread fears of a looming recession and prompted a frantic flight to safer assets like bonds and the Japanese yen. The tech-heavy Nasdaq 100 Index took a particularly hard hit, tumbling 5.4% in its worst performance since September 2022.