The most significant declines occurred in the last 48 hours, following Donald Trump’s announcement of tariffs that impacted nearly all global economies and instigated a trade war, resulting in a loss of five trillion dollars (4.54 trillion euros).
On Thursday, Wall Street experienced its worst day since March 2020, the onset of the COVID-19 pandemic, with the main indices suffering losses between 4% and 6% after the tariffs announcement.
Unlike other instances where a day of heavy losses is typically followed by investors snapping up stocks at lower prices, today is also characterized by continued declines in stock prices.
Around 5:00 PM in Lisbon, the Dow Jones, Nasdaq, and S&P 500 were showing losses close to 4%.
The Dow Jones concluded the day down 3.98% at 40,545.93 points, compared to the record high of 45,014.04 points reached on December 4, 2024.
The Nasdaq, which is a high-tech index, ended with a decrease of 5.97% at 16,550.61 points, against its all-time high of 20,173.89 points recorded on December 16, 2024.
