The US stock market has experienced its bloodiest week in five years, with a market capitalization evaporation of $3 trillion.

Jin10 Data, April 5 - According to foreign media reports, the major U.S. stock indices have recorded their largest weekly drop since March 2020, following Trump’s announcement of a tariff plan that exceeded expectations, raising concerns about global economic growth. “The reason for today’s big dump in the stock market is that buyers are indeed lacking,” said Carol Schleif, chief market strategist at BMO Private Wealth. People are waiting to see how the initial (trade) negotiations/reprisals progress and do not know how much of a fall would be considered ‘enough.’ The Dow Jones Industrial Average is currently down 14.9% from its record closing, while the S&P 500 is down 17.4% from its record closing. The Nasdaq index has fallen 22.7% from its closing record set on December 16 of last year, confirming that it has entered a Bear Market. The U.S. stock market has evaporated over $3 trillion in market capitalization today. On Friday, Federal Reserve Chairman Powell also did not provide a short-term answer on how tariffs would affect monetary policy, stating, “We are facing a highly uncertain outlook, with both unemployment and inflation risks on the rise.” Additionally, other stock markets in the Americas were also dragged down, with the Toronto Stock Exchange confirming it has entered a correction, closing more than 10% down from the historic high set on January 30. Argentina’s main stock index fell 7.4% at preliminary closing. Major stock indices in Mexico and Brazil dropped over 5% and 3%, respectively.