SkyRichYesh3
--
#TrumpTariffs
#CryptoTariffDrop
🚩🚩 BOOMERANG EFFECT 🚩🚩
🚨 Wall Street opens with losses of "trillions of dollars" due to the financial chaos unleashed by Trump
🚨 The New York Stock Exchange opened with losses of "trillions of dollars" this Thursday, a day after President Donald Trump announced tariffs for almost all countries, according to NBC.
🚨 After the market opened, approximately $1.7 trillion was lost from the S&P 500 index, while the Dow Jones Industrial Average fell 2.9% and the NASDAQ, which is heavily dominated by technology companies, registered a 4.5% sell-off.
💥💥Is it good or bad?💥💥
All of this translates into multi-billion-dollar losses. Large technology companies were the hardest hit. Apple, according to Bloomberg, suffered losses of nearly $280 billion, followed by Nvidia, which had a negative balance of more than $145 billion, and Amazon, with $142 billion.
Due to the high tariffs imposed on China, Taiwan, and Vietnam, companies like Apple and Nike suffered the most serious losses, as their production depends on their supplies.
We'll have to wait and see how the rest react.
#CryptoTariffDrop
🚩🚩 BOOMERANG EFFECT 🚩🚩
🚨 Wall Street opens with losses of "trillions of dollars" due to the financial chaos unleashed by Trump
🚨 The New York Stock Exchange opened with losses of "trillions of dollars" this Thursday, a day after President Donald Trump announced tariffs for almost all countries, according to NBC.
🚨 After the market opened, approximately $1.7 trillion was lost from the S&P 500 index, while the Dow Jones Industrial Average fell 2.9% and the NASDAQ, which is heavily dominated by technology companies, registered a 4.5% sell-off.
💥💥Is it good or bad?💥💥
All of this translates into multi-billion-dollar losses. Large technology companies were the hardest hit. Apple, according to Bloomberg, suffered losses of nearly $280 billion, followed by Nvidia, which had a negative balance of more than $145 billion, and Amazon, with $142 billion.
Due to the high tariffs imposed on China, Taiwan, and Vietnam, companies like Apple and Nike suffered the most serious losses, as their production depends on their supplies.
We'll have to wait and see how the rest react.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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