President Donald Trump’s tariffs have unsettled investors, contributing to a stock market sell-off that has erased $4 trillion from the S&P 500’s peak just last month.
New policies have heightened uncertainty for businesses and consumers, particularly due to fluctuating tariffs on major trading partners like Canada, Mexico, and China.
On Monday, the S&P 500 fell 2.7%, marking its largest drop of the year, while the Nasdaq Composite dropped 4%, its steepest decline since September 2022.
Trump refrained from predicting a potential recession, as concerns about his trade policies grow. Investors are also closely monitoring the possibility of a government shutdown and an upcoming U.S. inflation report.
WDKX Holiday Stream