Market Tremors: S&P 500 Plunge Triggered by Trade Tensions

A promising trading session turned into a significant sell-off for the S&P 500 this past Friday. The index initially climbed, reaching an intraday peak of 6,762.40 points. However, the market’s trajectory reversed sharply following midday comments from President Trump concerning escalating trade disputes with China. The benchmark index plummeted to a low of 6,550.78 points, ultimately closing the session at 6,552.51. This volatility triggered a massive surge in trading activity, with the NYSE recording a volume of 12.8 billion shares—the highest single-day figure since August.

The sell-off was not evenly distributed, with the technology sector absorbing the most severe impact. Semiconductor and software companies were particularly hard-hit. Synopsys and Teradyne each plunged approximately 9%, while Advanced Micro Devices (AMD) and Microchip Technology registered... Read more...