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The American financial markets witnessed a significant decline in early 2025, with the S&P 500 index dropping by 12% after President Trump announced comprehensive tariffs on most of the United States' trading partners. This decline is classified as a "market correction" ranging from 10% to 20%, and it is considered a normal correction in the market cycle.

Despite the sharp decline, the markets began to gradually recover after Trump announced a temporary suspension of most tariffs for 90 days, leading to a rapid rebound in the markets. However, there are still concerns about the ongoing trade tensions and their impact on the American economy.

Current data shows that the S&P 500 index (SPY) is trading at $566.76, up by $8.32 (1.49%), indicating some recovery.