The stock market experienced a dramatic sell-off in the two days following President Trump's announcement of aggressive tariffs, with major indexes suffering their worst losses since the COVID-19 pandemic. The S&P 500 futures fell more than 5% during the opening minutes of trade on Sunday, April 7, 2025, while the Nasdaq-100 futures were down 5.4%, and the Dow Jones Industrial Average futures were off by 4.3%. The market's reaction was swift and severe, with investors bracing for a week of heightened volatility and uncertainty.
The tariffs, dubbed "Liberation Day" tariffs, are unprecedented in their scope and aggressiveness, affecting a wide range of goods and countries. This has led to a historic stock sell-off, with the S&P 500 losing nearly 7% over the last five trading days, and the Nasdaq 100 slipping into bear market territory for the first time since 2022. The market's fear gauge, the CBOE Volatility Index (VIX), spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The tariffs have also had a significant impact on individual stocks, with the "magnificent seven" big tech companies taking a particularly hard hit. Shares of
fell 9%,
4%,
9%,
9%,
2%, Nvidia 8% and Tesla 5%. Retail stocks, athletic wear companies, and financial services companies also struggled, with shares of Best Buy, Target, Dollar Tree, Lululemon, Nike, American Express, Bank of America, and Robinhood all losing significant ground.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear.
The market's reaction to Trump's tariffs has been severe, with the Dow Jones Industrial Average falling 4%, the S&P 500 sinking 4.8%, and the Nasdaq cratering 6% on Thursday. This is the biggest point loss for the Dow since June 2020 and the steepest daily percentage losses for the S&P and Nasdaq since June and March 2020, respectively. The CBOE Volatility Index (VIX) spiked by more than 35% to its highest level since August, indicating extreme market fear
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