BREAKING: Stock Market NOSEDIVES at Opening Following Trump Tariff ‘Liberation Day’
The Dow Jones Industrial Average nosedived Thursday morning as markets opened, less than 24 hours after President Donald Trump announced his administration’s intention to impose on sweeping tariffs on “Liberation Day.”
Just after markets opened, the Dow was down 1,178 points, or 2.7 percent. Fox Business anchor Stuart Varney detailed the bloodbath in the seconds following the opening bell.
“There’s obviously a great many stocks in the red, but I do see five or six in the green, so there are some stocks that are moving up. S&P 500, sharply lower there, down 3.3%, 189 points,” he reported. “And the NASDAQ, that’s still down about four percentage points, yeah, 4.5%. Check out Big Tech. I’m pretty sure they’re all down. Yes, they are. Microsoft is now down 1.7%. It’s come back a little. Google is down $5. Meta, $38, 6.5%. Amazon is down 6.6%, and Apple is really taking it on the chin; it’s down 7.7.”
Trump announced a controversial — and enormous — change to American trade policy Wednesday afternoon, notably after the markets closed that day. In the following hours, stock futures were down roughly 1,300 points (3%), signaling a massive sell-off when markets opened at 9:30 a.m. Thursday.
via Fox Business at 9:21am
Just minutes before markets opened, amid fears of a massive sell-off, Trump took to social media to tout the success of his tariff policy,
“THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING,” insisted Trump in his signature ALL CAPS style in a Thursday morning Truth Social post. He quickly pivoted to a preemptive victory lap amid a raft of critical coverage from even traditionally pro-Trump media outlets, writing, “THE PROGNOSIS IS THAT THE PATIENT WILL BE FAR STRONGER, BIGGER, BETTER, AND MORE RESILIENT THAN EVER BEFORE. MAKE AMERICA GREAT AGAIN!!!”
Sadly for President Trump, his aggressive and preemptive victory tour could not convince the markets to agree that his controversial trade policy was a success, at least in the near term.
Watch above via Fox Business.
More on Trump Tariffs:
- ‘THE OPERATION IS OVER!’ Trump Touts Successful Tariff Launch Minutes Before Markets Open — Amid Fears of a Nightmare on Wall Street
- ‘Come On!’ Trump’s Commerce Secretary Bristles When CBS Anchor Asks If Plug Could Be Pulled on Tariffs Amid Wall Street Bloodbath
- CNN’s Jake Tapper Roasts Trump With Cutting Jab After Fact-Checker Torpedoes ‘Liberation Day’ Tariff Rant
- Fox Business Panel Sweats Trump’s Global Tariffs Blitz In ‘Hope’ It’s ‘Negotiation’ Bluff
- White House Spins as Russia Omitted From Tariffs List
- CNN Host Loses It Over Trump’s ‘Economic Nonsense’ – ‘Where Does He Think These Billions Are Coming From?!’
