How Trump tariffs led to a $2.5 trillion wipeout for the US stock markets – and why worse is yet to come [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
some of the biggest and most well-known companies on the planet tumble ever-deeper into the red. By the close of play in the US on Thursday, President Donald Trump 's previous-day announcement of global tariffs had wiped just shy of an estimated $2.5 trillion, or £1.9tn, off the total value of US stock markets in the space of a few hours. For what is essentially a play at making his nation richer for the long term, it was quite the impact in the opposite direction - but Mr Trump remains steadfast in his beliefs that a longer-term gain will be made from his ploy of alienating most of the rest of the planet in business terms. On Thursday, the S&P 500 fell a total 4.8 per cent - that equated to a total market value wipeout of $2.48tn, the Financial Times calculated. That's not the end of the tough-to-read numbers though, with the Dow Industrial index dropping almost four per cent and the Nasdaq dropping very close to six per cent. The Nasdaq 100 is notoriously tech focused, makin
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XOM
Earnings
- 10/31/25 - Beat
XOM
Sec Filings
- 12/15/25 - Form 4
- 12/15/25 - Form 4
- 12/12/25 - Form 4
- XOM's page on the SEC website