Wall Street Wipes Out $2 Trillion, Apple Eyes Worst Day Since COVID-19 Pandemic, Oil Plummets: What's Driving Markets Thursday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 03 2025
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Source: Benzinga
Market Reaction to Trade Tariffs: President Trump's new trade tariffs caused a significant sell-off in global markets, erasing $2 trillion in market capitalization, with major companies like Apple and Amazon experiencing substantial losses.
Sector Performance and Economic Impact: The S&P 500 fell nearly 4%, small-cap stocks entered bear market territory, and fears of retaliatory actions from trading partners affected all sectors except consumer staples and utilities, while commodities like oil also saw declines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
