INSUBCONTINENT EXCLUSIVE:
Wall Street closed another tumultuous week with the major indices recording their third consecutive weekly decline
The S&P 500 dropped 3.1% last week, marking its worst performance since September 2024, according to Reuters and CNBC reports.The tech-heavy
Nasdaq suffered an even steeper fall of 3.5%, pushing it firmly into correction territory
The index has now plummeted more than 10% from its December peak closing value.Meanwhile, the Dow Jones Industrial Average retreated 2.4%,
its worst showing since February
Mexico and Canada plus an additional 10% on China earlier in the week
Trump later announced delays for some tariffs until April 2, but this failed to reassure nervous investors.Economic concerns compound these
February witnessed 172,000 American job cuts, the highest February total since 2009
The technology sector continues to shed workers, with approximately 407,000 tech employees losing their jobs since 2022.Tariff Turmoil
Markets to Third Week of Losses as Recession Fears Grow
(Photo Internet reproduction)Inflation persists as another significant headwind
Progress on taming rising prices stalled since the Federal Reserve started cutting interest rates in September
Reserve Chair Jerome Powell offered limited comfort on Friday
cuts.Year-to-date performance reflects this challenging environment
The Nasdaq has declined 5.8%, the S&P 500 has shed 1.9%, while the Dow clings to gains of less than 1%
Market analysts expect volatility to continue as trade and economic uncertainties persist.
