February 1, 2025

Stock Market Plunges After White House Confirms Tariffs to Begin Saturday

The lower it goes the cheaper it is for his oligarch buddies to buy it..

Wall Street saw a reversal of fortunes Friday following the White House’s confirmation that President Donald Trump will impose tariffs on several key U.S. trading partners starting Saturday. Initially, the stock market showed promise with early gains in the trading session, but the announcement caused stocks to surrender those gains and turn negative.

By Friday afternoon, the S&P 500 had fallen by 0.5 percent and the Nasdaq composite dropped by 0.4 percent after both had solid gains during morning trading. The Dow Jones Industrial Average did not fare any better, slipping by 0.7 percent.

By way of Newsweek




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