Wall Street hit the brakes Thursday after a historic rally fueled by U.S. trade policy drama 🎢. Major indices tumbled, with the Dow dropping 1.8%, the S&P 500 sliding 2.2%, and the tech-heavy Nasdaq plunging 2.8% in early trading. This came just hours after markets soared on President Trump’s partial tariff rollback – proving even traders need time to process plot twists 💥.
While cooler U.S. inflation data (-0.1% month-over-month) boosted hopes for Federal Reserve rate cuts 🕊️, analysts say the real story remains Trump’s trade moves. 'This pullback was inevitable,' said Briefing.com’s Patrick O’Hare. 'Yesterday’s gains were like a profit-taking party 🎉 – but tariff tensions aren’t resolved.'
Global markets remain hyper-reactive to Trump’s tariff decisions, with recent volatility shaking up bond yields and corporate strategies worldwide 🌐. The takeaway? Buckle up – economic uncertainty is the only certainty in this drama 🍿.
