Stock market rout as Dow, S&P, Nasdaq hit by tariff fears

The two-day market genocide concluded one of the most volatile weeks of US stocks since 2020, the height of Covid as a global investor in US tariffs and retaliation.

The S&P 500 slipped deep into the correction area, falling 5.9% on Friday. There was a similar pattern on the Dow Jones industrial average, losing 2,231 points (5.5%). And Nasdaq Composite entered the bear market from 20% from its December high, falling 5.8% until the end of the week.

Nasdaq Composite is classified as a bare market

Financial Yield for 10 years: 4.008%

Investors transferred money to government bond security, pushing down 10-year Treasury yields, holding 4% later on Friday. Meanwhile, the Ministry of Finance hovered at 3.5% over the two years.

JP Morgan dials our recession risks

President Trump successfully made his promise on Wednesday to slap our majority of trading partners at tariffs. Along with regular suspects, including China and the European Union, other countries such as Japan, Vietnam and Taiwan have also become tattered among many others. Earlier on Friday, China fought back with 34% tariffs, but speculation could be followed by other countries.

“Higher tariffs will likely progress through our economy and raise inflation in the coming quarters,” Federal Reserve Chairman Jerome Powell warned in a statement Friday. Before Powell's comments, JPMorgan raised the risk of this year's recession to 60%.

Trump separately urged Powell to cut interest rates.

“This is the best time for Fed Chairman Jerome Powell to cut interest rates. He's always 'slower', but he can now change his image and quickly change. Energy prices fall, interest rates fall, inflation declines, eggs fall 69%, and jobs increase within two months. He wrote about the true society.

Marquee's technician names, including Nvidia, Apple, Amazon and Palantir, fell sharply on Friday. Despite its volatility, some investors view the sale as an opportunity.

“You can think like a shark, or you can think like a minnow, and if you think like a minnow, you will be washed away every time.

Energy stocks lost more than 8% on Friday, led by Schlumberger, ExxonMobil and Chevron. West Texas intermediate crude lost more than 10% in a week, just under $62 per barrel.

Gold: Time to buy, sell, hold?

Gold, a traditional safe haven, also received a 2.4% haircut for a week, settling at $3,012 per ounce after hitting an all-time high of $3,139.90 on Wednesday.

In cryptocurrency, Bitcoin hovered at the $83,000 level.