U.S. financial markets plunged on Thursday as President Donald Trump’s abrupt tariff reversal failed to calm investor fears, according to Bloomberg. The S&P 500 dropped over 3%, Treasury yields soared, and the dollar fell for a third straight day. The steep selloff followed a historic rally Wednesday after Trump paused some tariffs, but the on-again, off-again approach to trade has deepened recession concerns. The volatility erased over $10 trillion in global stock value in less than a week, prompting speculation that the Fed may need to intervene.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. financial markets plunged on Thursday as President Donald Trump's rough tariff reversal
00:06failed to calm investor fares, according to Bloomberg. The S&P 500 dropped over 3 percent,
00:11Treasury yields soared, and the dollar fell for a third straight day.
00:15Steve Selloff filed a historic rally Wednesday after Trump paused some tariffs,
00:19but the on-again, off-again approach to trade has deepened recession concerns.
00:24Volatility raised to over $10 trillion in global stock value in less than a week,
00:28probably speculation that the Fed may need to intervene.
00:31For all things money, visit Benzinga.com slash GSTV.