Wall Street Turmoil: Trade Tariffs Fuelling Economic Uncertainty

The US stock market is experiencing a significant sell-off as Wall Street grapples with potential economic impacts from President Trump's tariff policies. The S&P 500, Dow Jones, and Nasdaq have seen declines with concerns about recession growing. Economic growth forecasts have been downgraded, impacting tech stocks and major companies.

Wall Street is facing turbulence as the US stock market experiences a sell-off, heightened by apprehension over President Donald Trump's tariff policies. The S&P 500, along with the Dow Jones Industrial Average and the Nasdaq composite, has experienced sharp declines, raising significant worries about the economy's future.

Economists have reduced growth forecasts, indicating potential recession fears as the whipsaw moves in the market may freeze the economic momentum. High-profile companies like Nvidia and Tesla have borne the brunt of this downturn, fueled by concerns over trade tariffs and shifting consumer sentiment.

While more traditional safe-havens like US Treasury bonds are seeing increased interest, notable corporate acquisitions and foreign market fluctuations further highlight the expansive reach of this economic uncertainty. With all eyes on the potential policy shifts, the financial world remains closely watchful.

(With inputs from agencies.)