Stocks tumbled on Friday, adding to the massive losses of the day before and capping one of the worst weeks of Wall Street since the beginning of the century.
Market players began the optimistic week, optimistic that the reciprocal rates that were to be announced on Wednesday would give companies and investors a much necessary clarity on American trade policy. But investors have been caught by the size and scope of taxes, which should increase the effective American rate at its highest level for more than a century. Economists warn the prices of this magnitude could reduce economic growth and revive inflation.
This week’s market sale was one of the most punishing in recent memory. Here are some data points that put this very bad week in context:
- The S&P 500 has dropped 10.5% on Thursday and Friday, the worst 2 -day section of the index since March 2020 and its third worst since the beginning of the century. The 9.1% defeat of the index this week ranks like the seventh week in the past 25 years.
- The Dow had its sixth week of the 21st century; He dropped 7.9% during the week and 9.3% in the last two days.
- Friday, the DOW lost 2,231 points, its third drop by a recorded day.
- The Nasdaq Composite has dropped by 11.4% since Trump’s pricing announcement, also its worst 2 -day section since March 2020.
- At the end of Friday, the DOW is down 14.9% compared to its closing set of all time on December 4. The S&P 500 lost 17.4% since it reached its summit on February 19, while the Nasdaq Composite fell by 22.7% since its record fence on December 16.
- Apple’s shares (AAPPL), the most precious company in the world, have lost 15.9% of their value since Wednesday’s fence, their worst 2-day section since September 2008. The rout has suffered more than half a billion dollars of the market capitalization of the iPhone manufacturer.
- 31 S&P 500 companies have lost more than 20% this week; 247 companies, or almost half of the index, have dropped by 10% or more.
- Only 21 actions of the reference index – mainly health care companies and public services – ended up the week above; Friday, only 14 stocks increased.
- Nike (NKE) increased by 3% on Friday, making it the only stock of the Blue Chip Dow index to close in green. However, the shares ended the week by 10% lower.
- Even companies with little or no exposure to direct prices have been hammered. Palant (PLT), the software company that draws most of its federal government income, dropped 14% this week. Doordash (Dash) and Netflix (NFLX), despite the manufacture or sale of physical products subject to prices, dropped by around 11% and 8%, respectively.
Update-Avril 5, 2025: This item has been updated with additional information on the scale of the recent fall in the stock market and a new image.
