JOURNAL ARTICLE

Dow crashes 2,200 points and Nasdaq falls into bear market territory as stocks extend selloff after Powell signals no imminent rate cuts.

  • Published In: Fortune.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Dyos, Stuart 3 of 3

Abstract

The article focuses on the significant decline in the stock market, particularly the Nasdaq entering bear market territory, following President Donald Trump's implementation of substantial tariffs, referred to as "Liberation Day" tariffs. In response, China imposed retaliatory tariffs of 34% on U.S. imports, exacerbating fears of a global trade war and potential recession, with JPMorgan increasing recession odds from 40% to 60%. The Dow Jones Industrial Average fell by 5.5%, and the S&P 500 dropped by 6%, while Federal Reserve Chair Jerome Powell indicated that the tariffs could lead to higher inflation, complicating the outlook for interest rate adjustments. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2025/04, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2025
  • Accession Number:184273074
  • Copyright Statement:Copyright of Fortune.com is the property of Fortune Media (USA) Corporation and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.