Investors flee U.S. stocks as markets react sharply to Trump’s tariff plan
Initial market indications early Wednesday evening were that many investors had expected Trump’s tariffs to be far less expansive.
Global markets reacted sharply and swiftly after President Donald Trump revealed his much-anticipated tariff plans Wednesday, with investors fleeing U.S. stock indexes and stocks of companies that rely on global supply chains plummeting.
S&P 500 futures, which indicate where it is likely to open Thursday, plunged 3%. Nasdaq 100 futures sold off by more than 4%, and Dow futures slid about 1,000 points, or 2%.
