The big Trump-driven market slumps, bumps and jumps in charts

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Marc Jones

Thu, Mar 13, 2025, 2:47 AM 4 min read

LONDON (Reuters) -Below are immoderate of the sizable fiscal marketplace moves prompted by the actions of U.S. President Donald Trump successful caller weeks from his re-ignition of a planetary commercialized warfare to the awesome that Europe tin nary longer instrumentality the enactment of U.S. subject musculus for granted.

It is astir easier to database the parts of the marketplace that haven't been bashed astir than those that have. The numbers are big. Roughly $5 trillion wiped of the worth of satellite stocks, the bulk of that from U.S. markets and the super-sized tech firms that person been connected stratospheric runs successful caller years.

King dollar has been brought down a peg oregon 2 amid worries that a planetary commercialized warfare combined with a wide cull of authorities workers volition yet enactment the brakes connected the U.S. economy.

Euro and yen person had their ain fires lit acknowledgment to Europe's monolithic defence spending plans and the Bank of Japan's involvement complaint hikes.

Federal Reserve Chair Jerome Powell involvement complaint announcement astatine the New York Stock Exchange (NYSE) successful New York City

"We've seen a oversea alteration successful cognition successful the astir 2 months since President Trump was inaugurated," Bill Clinton's Treasury Secretary Larry Summers posted connected X, adding predetermination nighttime expectations of a rampant system and U.S. "exceptionalism" nether Trump person evaporated for now.

Brent crude lipid has slipped 2% truthful acold this month, with year-to-date losses of astir 5%, a motion that commodities traders excessively are positioning for weaker planetary demand.

If it wasn't for COVID-19 and the tremendous spike successful ostentation and involvement rates it led to successful 2022, past this would beryllium Wall Street's worst commencement to a twelvemonth since the depths of the fiscal crisis.

In the past month, the shares of the alleged Magnificent Seven - Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) - are down, and astir by 10%-15%.

Tesla's shares person been deed adjacent harder, crashing 30% implicit the period and seeing their biggest 1 one-day dive successful four-and-a fractional years earlier this week.

Activists person lately staged alleged 'Tesla (TSLA) Takedown' protests to dependable choler implicit Musk's relation successful sweeping cuts to the national workforce astatine the behest of Trump and cancellation of contracts that money humanitarian programs astir the world.

NasdaqGS - Delayed Quote USD

At close: March 12 astatine 4:00:01 PM EDT

Musk, the world's richest person, is spearheading the Trump administration's Department of Government Efficiency, oregon DOGE.

"They're harming a large American company," Trump said astatine the White House, referring to the demonstrators, alongside Musk who was wearing a achromatic "Make America Great Again" shot cap.