A response trading staff while working on the floor of the New York Stock Exchange (New York, USA) on February 25
The market price of the S&P 500 index at the peak on February 19 was US $ 52,060 billion, according to CNBC on 14.3 quoted data from Factset, the page tracking the operation of the US stock market.
At the time of closing the market on March 13, S&P 500, the measurement index for the US economic health, has dropped sharply to 46,780 billion USD, which is more than 10% compared to February 19, equivalent to about US $ 5,280 billion in 3 weeks.
The sharp decline of the S&P 500 index takes place in the context of US President Donald Trump opened the war by imposing tariffs and reciprocal taxes on some of the country’s main trading partners.
White House reassured, Wall Street is worried about the risk of US economic recession
Observers also recorded signs that economic growth slows down, from the results of consumer psychological surveys to the bland business scenario of retail giants like Walmart.
“While many people think that talking about the recession is too early, everywhere appears psychologically concerned about the erratic policies of the new government,” CNBC on March 14 quoted the strategist Emmanuel Cau of Barlays.
Another factor that is contributing to the concerned expression in the stock market comes from the evolution in the field of artificial intelligence. Since November 19, 2024, NVIDIA shares fell 17% of the value, and MAGS stocks (the Fund swap the list of 7 major US technology names) fell 19%.
The fact that stocks related to anyone reaches a high level before a sharp drop to 10% in the past 3 weeks has led to concern that the stock market has been overcurrent. Some stocks had a market capitalization of over 3,000 billion USD.
