SPY News: Wall Street fears Trump's tariffs will wipe out 2024's stock market gains - 5th Apr 2025, 2:24am

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Stocks sank on Friday as the reality of an all-out trade war following President Trump's sweeping tariffs set in, fueling Wall Street strategists' worst fears about how far the S&P 500 (^GSPC) could fall in 2025.

Amid a $2.5 trillion wipeout in markets on Thursday, strategists had warned stock indexes could face further downside should the trade war escalate. On Friday morning, that fear became a reality.

Stock losses accelerated before the bell after China said on Friday it would impose addit...

>>> Read more: Wall Street fears Trump's tariffs will wipe out 2024's stock market gains
 
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