SVET Reports
Thursday's Markets Update (April 3, 2024)
Stocks saw their worst drop in over two years, with major indices plummeting. The S&P 500 experienced its biggest fall since 2020—wiping out around $2 trillion in value. Investors were spooked by Trump’s proposed tariffs, fearing global retaliation and economic damage. Tech stocks led the sell-off, with Apple, Nvidia and retailers Nike and Dollar Tree each fell about 10%. Despite the steep losses, trading remained orderly, though inflation and volatility concerns grew. With tariffs set to start April 5 and more expected, market uncertainty is likely to persist. BTC, ETH, and SOL also dipped but less sharply.