Economics

892 readers

229 users here now

founded 2 years ago

201

Investors flee U.S. stocks as markets react sharply to Trump's tariff plan (www.nbcnews.com)

submitted 3 months ago by MicroWave@lemmy.world to c/economics@lemmy.world

26 comments fedilink hide all child comments

Summary

Markets tumbled after Trump’s sweeping tariff announcement, with S&P 500 futures dropping 3.5%, Nasdaq 100 down over 4.3%, and Dow futures falling 1,000 points.

Analysts called the tariffs "worse than the worst case scenario." Major companies like Apple, Amazon, and Nike saw stock declines up to 7%.

Retailers reliant on imports, like Five Below and Dollar Tree, plunged more than 11%.

Goldman Sachs warned tariffs could raise foreign car prices by $15,000. Treasury Secretary Scott Bessent dismissed after-hours moves, blaming volatility over policy concerns.

you are viewing a single comment's thread
view the rest of the comments

[–] BigMikeInAustin@lemmy.world 12 points 3 months ago (5 children)

Damn, I started a high deductible health insurance and last month got it high enough to invest part of it.

Fingers crossed I'm still employed for a while to buy in at the lower prices, and I live long enough to recover.

Countries with national healthcare also don't have their healthcare dependent on the stock market. I'm jealous.

[–] Hegar@fedia.io 9 points 3 months ago (4 children)

started a high deductible health insurance and last month got it high enough to invest part of it

Huh?

The deductible is the $ amount you will have to pay out of pocket before the co-insurance percentage will kick in and start covering 80% (or w/e) of the costs of covered services.

The deductible doesn't change, you can't get it higher - you can meet it for the year, or not have met it yet. It's just a total of money you've already spent, it can't be invested.

[–] shottymcb@lemm.ee 5 points 3 months ago

Usually high deductible plans come with a health savings account, that's probably what they're talking about.

load more comments (3 replies)