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Stocks Just Had One of Their Worst Weeks of This Century—Here Are the Grim Details [Yahoo! Finance]

Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Market participants started the week cautiously optimistic that the reciprocal tariffs that were slated to be announced Wednesday would give businesses and investors some much-needed clarity on U.S. trade policy. But investors were caught off guard by the sheer size and scope of the taxes , which are expected to lift the U.S. effective tariff rate to its highest level in more than a century. Economists warn tariffs of that magnitude could slash economic growth and reignite inflation. This week's market sell-off was one of the most punishing in recent memory. Here are some data points that put this very bad week in context: The S&P 500 fell 10.5% across Thursday and Friday, the index's worst 2-day stretch since March 2020 and its third-worst since the turn of the century. The index's 9.1% loss this week ranks as the seventh-worst week in the last 25 years. The Dow had its sixth-worst week of the 21st century; it fell 7.9% over the week and 9.3% in the last two days. The Dow sh
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