Wall Street wrapped up a rollercoaster week with a slump Thursday as investors braced for former President Donald Trump’s tariff deadline. The Dow fell 0.74%, the S&P 500 dropped 0.37%, and the Nasdaq barely held steady, dipping just 0.03%. Health and real estate sectors took the hardest hits 🔴, while communication services and utilities bucked the trend with gains 📈.
Markets initially rallied before Trump confirmed tariffs would kick in Friday alongside new trade deals. A 90-day tariff extension with Mexico added to the mixed signals, leaving traders guessing: Is this a strategic play or a prelude to more economic drama? 💼💥
Key takeaways:
9 out of 11 S&P sectors closed in the red
Health sector nosedived 2.79% 🏥
Communication services jumped 2.08% (Netflix binge-watchers, anyone? 🍿)
With global markets watching, young investors are asking: How will this impact tech stocks, crypto, and your 401(k)? Stay tuned. 🌍💡
