US stock market shows record decline

The US stock market is experiencing increasing volatility.

The first 50 days of Trump’s presidency have brought a sharp decline in stocks. Billionaires who attended Trump’s inauguration are also rapidly losing their fortunes: Musk, Zuckerberg and Brin.

The US stock market continues to fall due to US President Donald Trump’s tariff policy. On Monday, March 10, US stocks showed their lowest performance since 2009, Market Watch reports.

It is noted that investors are concerned about the start of a global trade war, which may flare up as a result of his tariff threats.

In particular, the S&P 500 index fell by 2.7%, the Dow Jones Industrial Average – by 2.1%, the Nasdaq – by 4%, which was the largest one-day drop since 2022.

In total, since January 20, the day of Trump’s inauguration, the S&P 500 index has fallen by 6.4%, the Nasdaq Composite by 11%, and the Dow Jones Industrial Average by 3.6%.

At the same time, the VIX, or Wall Street’s “fear gauge,” has risen by more than 60% this year, reaching 27.84 on Monday (an index above 20 indicates a period of heightened volatility).

It is noteworthy that billionaires who were present at Trump’s inauguration are rapidly losing their fortunes. For example, in the first 50 days of Trump’s presidency, Elon Musk’s fortune has decreased by $148 billion. This was also influenced by the decline in Tesla sales after the billionaire’s scandalous gesture.

Jeff Bezos lost $29 billion, Mark Zuckerberg – $5 billion, Sergey Brin – $22 billion.

According to experts, the United States’ GDP could decline this year. The country’s economy is expected to shrink by 2.8% year-on-year in the first quarter.