5.000 billion USD evaporated from the US stock market

On April 4, Wall Street recorded a significant drop as all three major indices fell nearly 6% due to escalating global trade tensions. The DJIA dropped more than 2,200 points (5.5%), the largest decline since June 2020. The S&P 500 lost 5.9% and the Nasdaq Composite fell 5.8%, entering bear territory after declining 22% from its peak in December 2024.

The market plunged sharply after China announced a 34% tariff on US goods in response to US tariff measures. Technology stocks like Apple, Nvidia, and Tesla were hit the hardest, dropping between 7-13%. Major exporters like Boeing and Caterpillar also experienced significant declines. Shares of Chinese companies listed in the US, such as Alibaba and JD, also fell by 7-10%.