THE TELEGRAPH: Wall Street’s stock markets plunged amid fears Donald Trump’s tariff trade war will hammer American growth.
The tech-heavy Nasdaq Composite sank by 2.5pc to its lowest level since September after the US president said on Sunday that the world’s largest economy faces “a period of transition.”
The benchmark S&P 500 dropped 1.5pc and the Dow Jones Industrial Average fell as much as 1.2pc - a fall of more than 500 points - as Wall Street reassessed the outlook for the US economy.
Morgan Stanley warned the S&P 500 could drop another 5pc to 5,500 points by mid-year, having already slumped more than 3pc so far in 2025 and by more than 7pc from its peak in February. » | Chris Price | Monday, March 10, 2025
The "very stable genius" is doing rather well, I see! He's demonstrating his grasp of economics to the world. – © Mark Alexander
