A ‘trade shock’ sparked biggest stock-market plunge since 2020. What investors need to know. - MarketWatch
1. S&P 500 dropped 4.8%, marking its largest decline since June 2020. 2. Trump announced significant tariffs, raising average U.S. rates to 23%. 3. Market capitalization lost $3.1 trillion, reflecting severe investor panic. 4. Investors fear tariffs will lead to a recession and reduced economic growth. 5. Consumer staples rose, highlighting shifts in investor sentiment amid uncertainty.