US market
The recipe of US President Donald Trump has created a furore in the US market. Trump announced the new tariff rates on around 60 countries on Wednesday night. After this, there has been a tremendous decline in the US stock market today. The S&P 500 index was seen trading with a decline of over 4 per cent. At the same time, the Nasdaq index fell more than 5 percent. The major US index Dow Johns also appeared trading with a decline of 3.23 per cent. The Small Cap 2000 index of the New York Stock Exchange appeared trading with a decline of 5.65 per cent. In this way, there has been heavy selling in Wall Street everywhere. The impact of this decline can also be seen on the Indian market on Friday. It has been observed that whenever Nasdaq falls, there is a decline in tech shares in the Indian stock market.
Shares of tech companies collapsed
The world’s largest company Apple shares have seen tremendous selling. Apple’s stock on Nasdaq fell 8.79 per cent to trade at $ 204.19. At the same time, veteran e-commerce company Amazon’s stock fell 7.45 per cent to trade at $ 181.45. In addition, many technology stocks including Microsoft, NVDia, Meta and Google have seen a major decline. Alan Musk’s company Tesla’s stock is also seen to be large selling.
Bond yield and crude oil also broken
Trump’s reciperook tariff has affected not only on the stock market, but also on the dollar index, bond yield and crude oil. Bond Yield on benchmark Treasury has come down to 4 per cent for the first time since October 2024. On Thursday, the 10 -year yield has fallen by about 0.13 per cent. It has come to the lowest level since Trump was elected last year. Many other yields have also declined drastically. There is also a tremendous decline in crude oil prices. Crude oil has fallen by 6.44 per cent or $ 4.62 to $ 67.7 per barrel. At the same time, Brent Oil has come down to $ 70.26 per barrel with a large decline of $ 6.23 per cent or $ 4.68. On the other hand, the dollar index has fallen 1.64 per cent to 102.11.
Danger of recession in America!
Trump’s reciperook tariff has deepened the crisis of increasing inflation in the US and decreasing demand in the US. In such a situation, investors are afraid of recession in the US. Trump has imposed reciperook tariffs on about 60 countries. Due to this, the threat of global economic recession is also hovering. This is the reason that today the American stock market has seen a tremendous decline.
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