#depressionincoming — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #depressionincoming, aggregated by home.social.
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US #stocks #plunged today, with the S&P 500 suffering its biggest #decline since March 2020.
#Shares of multinational companies #tumbled. Nike & Apple dropped 13% & 10%, respectively. Tech shares dropped, with chip-makers Nvidia off 7% & Elon Musk’s Tesla down 5%.
When asked about the market reaction to the tariffs, Trump said: “The markets are going to boom. The stock is going to boom. The country is going to boom."