📊 Markets Brace for Tariffs as Stocks Drop, Gold Soars, and Crypto Holds Steady
🔹 U.S. Markets: S&P 500 (-2.0%), Nasdaq (-2.7%), Dow (-1.7%)—investors fear Trump’s April 2 tariff decision. Tech stocks slid, with Nvidia down nearly 10% this week.
🔹 Tariff Impact: Trump confirmed a 25% auto tariff starting April 3. Markets worry about retaliation from Canada, the EU, and Asia, fueling uncertainty.
🔹 Commodities: Gold hit an all-time high of $3,090, driven by inflation concerns
🔹 Crypto: Bitcoin consolidated between $85K – $88K, while GameStop (GME) added BTC to its treasury, following MicroStrategy’s latest $584M Bitcoin buy.
🔹 Looking Ahead: The April 2 tariff announcement, Fed signals, and trade retaliation measures will dictate global market movements.