Fear of recession
US exchanges on a descent-Trump is barely expressed
05.04.2025 – 00:04 a.m.Reading time: 2 min.
The US exchanges experience the worst days since Covid pandemic. US President Donald Trump travels to a gala dinner that the participant has to pay one million dollars
The US exchanges are also on a descent two days after the announcement of global tariffs. When the bell was beaten at Wall Street on Wall Street on Friday evening, most indices were strong in the minus.
The Dow Jones crashed by 2,231 points – a minus of 5.5 percent – and thus closed more than ten percent below its high from December. The S&P 500 lost 5.97 percent, whereby the losses captured almost all sectors. The Nasdaq technology agency also came under great pressure and lost 5.82 percent. It is now more than 20 percent below its latest high.
“We are now seeing the inevitable retaliation measures by the global trading partners of the United States. There is a risk that the fear of recession will expand into a full -blown recession,” said Ben Laidler, head of the stock strategy at Bradesco BBI.
The shares of Tesla and Apple – which belong to the companies with the greatest sales in China – fell by 10.5 and 7.3 percent on Friday. Read more about the course of the Teslaaktie course. Both companies produce on site in the People’s Republic, but tariffs imported from the USA could press the profit span and force price increases. Tesla is already in a bitter price war with local Chinese competitors such as BYD. The chip manufacturer Nvidia lost 7.4 percent, the American construction vehicle manufacturer Caterpillar 5.4 percent.
The shares of US shoe and fashion companies, on the other hand, turn into the plus after Trump said that Vietnam had offered a reduction in tariffs to US imports. Nike, for example, who has a large part of his clothing and shoes in Vietnam, made up for his initial price losses and closed three percent.
The stock market dealer Peter Tuchman spoke of the worst day and the worst month since March 2020. “US shares have lost $ 6.6 trillion in market value within two days, the worst 2-day period in history,” he wrote on X.
US President Donald Trump did not have any communication on the stock market developments. On his network Truth Social, he only wrote briefly and briefly: “Only the Weak Will Fail” (only the weak will fail). Instead of further statements, he traveled to a gala dinner in his residence Mar-A-Lago in Florida. There, one of his MAGA support groups had invited to the exclusive dinner.
Participants had to pay one million US dollars (around 913,000 euros), according to the broadcaster CBS. The money does not go directly to Trump, but to observe the US election laws, to the Super-Pac Maga Inc. As reported by CBS, Trump is announced as a guest speaker-probably also because of the electoral laws. Officially, Super-Pac can support candidates, but they must not coordinate with them.
