According to Zhitong Finance APP, on Thursday, as concerns about U.S. economic growth weighed on the stock market, investors flocked to buy U.S. Treasury bonds. U.S. inflation data slowed, trade frictions under the Trump administration escalated again, and safe-haven demand drove U.S. bond yields down, while gold surpassed $3,000 to reach a new high.
Tariff Policy Hits Market Sentiment, U.S. Stocks Plunge
On Thursday, concerns over tariffs once again disrupted Wall Street, pushing the S&P 500 index into a correction, falling to its lowest point in six months. The S&P 500 index dropped 1.4%, marking a decline of over 10% for three consecutive weeks, reaching a technical threshold for a pullback. It has fallen more than 6% this year. The tech-heavy Nasdaq 100 index also adjusted, falling 1.9%. The Dow Jones Industrial Average dropped 1.3%, down 9.3% from the historical record set last December.
Data shows that the S&P 500 index has…
