The U.S. stock market has lost over $5 trillion in value in three weeks as the S&P 500 fell 10% from its record high.
The decline, driven by concerns over Trump’s trade policies and slowing economic growth, has led to weaker consumer sentiment and cautious corporate outlooks.
Barclays strategist Emmanuel Cau noted rising uncertainty among investors.
The selloff has also hit AI-related stocks, with Nvidia down 17% and the Magnificent Seven ETF falling 16%.