- $10 Trillion Lost Since Trump’s Second Term Began
- China Tariffs Spark Historic Two-Day Market Crash
- Nasdaq, Russell 2000 Enter Bear Market Zones
The U.S. stock market has now lost over $10 trillion in value since President Donald Trump began his second term in January. This steep drop follows two days of record losses driven by growing fears of a prolonged trade conflict with China. The pressure on equities has continued to increase despite brief intraday rebounds. Investor confidence remains low as recession concerns rise.
Sharp Losses Follow Tariff Announcements
Since January 17, the market has erased approximately $11.1 trillion in value, according to Dow Jones Market Data. Of that, around $6.6 trillion was lost in just two days—Thursday and Friday—marking the largest two-day decline ever recorded.
The Dow Jones Industrial Average dropped more than 3,000 points during this period, with shares of major tech and manufacturing firms falling sharply.The S&P 500 is now down 15.4% since the inauguration.
The Nasdaq Composite has fallen over 22% from its February peak, entering bear market territory. The Russell 2000, which tracks small-cap stocks, declined more than 25% since November, marking its weakest start under any U.S. administration.
Recession Fears Grow as China Responds
Markets were shaken after President Trump announced larger-than-expected global tariffs on Wednesday. China replied by placing a 34% tariff on all U.S. imports starting next Thursday. The move caused further market stress as hopes for trade negotiations quickly faded.
Kathleen Brooks, research director at XTB, said in a statement, “Markets are pressuring the administration to ease tariffs or announce progress on a deal.” Although President Trump said he had a positive call with Vietnam’s leader about cutting tariffs, the broader indexes continued to slide.
A stronger-than-expected jobs report for March did little to ease investor worries. Analysts have warned that continued trade tensions could affect technology, retail, and industrial sectors if no agreement is reached soon.
