The US stock market has seen a huge decline. Late last night, the US market declined by 3 to 4 times the normal days, which is believed to be the tariff of US President Donald Trump. During the intraday in the US market, the NASDAQ broke up to more than 1000 points or up to 5 per cent, while the Dow Jons index saw a decline of 1600 points or about 4 per cent.
Due to Trump’s policy, the US market has recorded a day’s biggest decline after 2020 on Thursday. S&P 500 companies took a loss of $ 2.4 trillion in the stock market valuation, which came after the decline during the Korona epidemic in the global market on 16 March 2020. Dow Jones fell 4 percent, while S&P 500 fell 5 percent. Nasdaq composite fell 6 percent on Thursday.
What will happen in the Indian market today?
The Nifty futures on the NSE International Exchange were trading at 22,200, declining 125.95 points or 0.54 per cent, which was a sign of negative start for the domestic market on Friday. Gift Nifty is seeing a slight decline. Now it will be interesting to see how much effect the American market in India will have.
Apple falls over 10%, NIKE falls 13%
During the trading session, major American stocks like Apple, NVIDIA and NIKE declined drastically. Apple’s shares declined by more than 10%, while NIKE shares declined by about 13%. Trump’s tariff declaration led to a decline in shares of major companies of many industries, but the most damage to tech and retail shares.
Shares of companies such as Amazon, Nvidia, Walmart, Targate, Microsoft, Alphabet, Dell and HP declined a huge decline, which caused Trump to put tariffs on trading partners.