U.S. financial markets plunged on Thursday as President Donald Trump’s abrupt tariff reversal failed to calm investor fears, according to Bloomberg. The S&P 500 dropped over 3%, Treasury yields soared, and the dollar fell for a third straight day. The steep selloff followed a historic rally Wednesday after Trump paused some tariffs, but the on-again, off-again approach to trade has deepened recession concerns. The volatility erased over $10 trillion in global stock value in less than a week, prompting speculation that the Fed may need to intervene.
