US President Donald Trump's tariff plans and refusal to rule out an economic downturn prolonged the ongoing volatility in US stock markets. 'Look, we're going to have disruption, but we're OK with that,' he said earlier this week on the Fox News show' Sunday Morning Futures.'
These developments took a toll on investor confidence, reflected in the Dow Jones index, which slid by almost 500 points yesterday or 1,400 points in the past two days. Meanwhile, the S&P 500 has declined by 3.62% in the past week to 5,572. At one point, the benchmark index was down 10% from its peak. Furthermore, the Nasdaq Composite tanked by 4% on Monday, marking the worst day since September 2022.
