Where are the trade agreements?
The S&P 500 has now lost 2.5 trillion US dollars since its high on April 9 after the 90-day tariff break. Current level-3% drop.
While the markets are waiting for trade agreements, Japan has said today that it will "not simply give in further" in the US tariff talks.
TECHNOLOGY STOCKS TODAY:
1. tesla, $TSLA (-0.94%) : -7%
2. nvidia, $NVDA (+0.09%) : -6%
3. broadcom, $AVGO (-0.67%) : -4%
4. meta, $META (-1.2%) : -4%
5. amazon, $AMZN (-0.41%) : -4%
6. Robinhood, $HOOD (-1.6%) : -3 %
7. AMD, $AMD (+0.1%) : -3 %
8. alphabet, $GOOG (-0.89%) : -3 %
9. Microsoft, :, $MSFT (-1.05%) -2%
10. palantir, $PLTR (-0.17%) : -2%
The Nasdaq has officially re-entered bear market territory and is now 20% below its recent high.
You can't make this stuff up:
The S&P 500 has now lost $750 billion in market capitalization since Trump started calling Fed Chairman Powell "Mr. Too Late" this morning.
This will indeed be a dark red chart tomorrow when we get the data reconciliation here.
