Market sell-off: Trump post lops off $2 trillion from stocks in a single day
Government
On Friday morning, the S&P 500 was less than a couple of points from another all-time high. Then, after a single social media post from President Donald Trump , $2 trillion in market value was wiped out. The unraveling shows the sway the president's one-man trade policy still has over the fate of the global economy. Trump at 10:57 a.m. ET wrote on his Truth Social platform that China was "becoming very hostile" with the rest of the world, especially when it comes to its control of rare earth
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