Brutal $3.36 Trillion Bloodbath: Wall Street Crumbles More Than Entire Crypto Universe
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As President Trump's new “Liberation Day” tariffs crashed into global markets, Wall Street suffered a historic meltdown that sent investors scrambling for the exits. The carnage was swift and brutal. Black Friday, March 28, 2025, saw the S&P 500 tank 1.97% while the Dow hemorrhaged 715 points. Just the beginning of the pain.
Remember February's glory days? The S&P hit a three-week high on February 19, valuing markets at a staggering $52.06 trillion. Fast forward to March 14: $46.78 trillion. That's $5.28 trillion—gone. Evaporated. Poof.
Over $5 trillion in market value—vanished in less than a month. Yesterday's riches, today's ashes.
The numbers tell the ugly story. Dow Jones plummeted 1,679 points to 40,546 by April 3. A 4% drop. Nasdaq? Even worse—down 1,050 points, or 6%. The Russell 2000 index of small-cap stocks officially entered bear territory, down over 20% from recent highs. Ouch.
Tech stocks got absolutely hammered. Apple shares crashed over 9%. Nvidia, the AI darling? Down a stomach-churning 17%. Seems those chip supply chains aren't so resilient after all. AI-driven sell-offs only accelerated the bloodbath. The Philadelphia Semiconductor Index fell by 2.95% overall, reflecting widespread tech sector weakness. No algorithm could save this mess.
The contagion spread everywhere. Oil markets collapsed with WTI crude futures experiencing their steepest decline since 2023. Crypto wasn't spared either. Bitcoin tumbled below $85,000, Ethereum crashed to $1,767, and Solana hit a miserable $122.68. But Wall Street's wounds were deeper.
April 3 was particularly gruesome, with the S&P 500 dropping 4.8% to 5,397—its worst single-day performance in nearly five years. The next day was even more horrific. The Dow crashed 2,231 points on April 4, a 5.4% plunge.
Economic forecasts? Bleak. U.S. GDP growth is expected to crawl to around 1% in 2025. So much for that economic boom everyone was counting on.
The 10% baseline tariffs that sparked this mess have transformed market sentiment from irrational exuberance to outright panic. Wall Street's $3.36 trillion bloodbath proves one thing: markets hate trade wars. Always have, always will.
