In a shocking turn of events, even Fox News, a longtime supporter of President Trump, has turned against him as the S&P 500 took a significant hit due to his controversial tariffs. The S&P 500 dropped more than 1%, reaching its lowest level since September, with the Nasdaq falling 1.7% and the Dow Jones Industrial Average plummeting by 0.3%. This downturn has had a ripple effect across the board, particularly impacting Big Tech companies.

This sudden shift in sentiment from Fox News, a network known for its conservative stance, speaks volumes about the severity of the situation. Trump’s tariffs have been a point of contention for many, with critics arguing that they are detrimental to the economy. The fact that even Fox News, a traditionally pro-Trump outlet, is acknowledging the negative impact of these tariffs is a significant development.

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The drop in the S&P 500, Nasdaq, and Dow Jones Industrial Average signals a lack of confidence in the market, with investors reacting to the uncertainty surrounding Trump’s trade policies. Big Tech companies, in particular, have been hit hard by this news, with many seeing a decrease in their stock prices.

As the situation continues to unfold, it is clear that Trump’s tariffs are having far-reaching consequences. The fact that Fox News, a network that has stood by him through thick and thin, is now openly criticizing his policies is a sign that even his most loyal supporters are starting to have doubts.

It remains to be seen how Trump will respond to this latest development and whether he will reconsider his approach to trade. In the meantime, investors and the market as a whole will be closely watching to see how this situation plays out and what impact it will have on the economy moving forward.

Holy shit. Trump just lost Fox News:

The S&P 500 just dropped more than 1%, sliding to its lowest level since September due to Trump’s dangerous tariffs. Nasdaq dropped 1.7%. The Dow Jones Industrial Average fell 0.3% — and Big Tech is down across the board. pic.twitter.com/0wsdtlPESn

— CALL TO ACTIVISM (@CalltoActivism) March 31, 2025

In a shocking turn of events, Trump has lost the support of Fox News due to the detrimental impact of his dangerous tariffs on the economy. The S&P 500 has plummeted by more than 1%, marking its lowest level since September. The Nasdaq has also taken a hit, dropping by 1.7%, while the Dow Jones Industrial Average fell by 0.3%. The tech sector, in particular, is facing significant losses across the board.

The impact of Trump’s tariffs on the stock market cannot be overstated. Investors are growing increasingly concerned about the potential consequences of these policies on the economy as a whole. The uncertainty surrounding trade relations and the imposition of tariffs have created a sense of instability in the market, leading to sharp declines in major indices.

The S&P 500, which is considered a benchmark for the overall health of the stock market, serves as a barometer for investor sentiment. The fact that it has dropped by more than 1% indicates a lack of confidence in the direction that the economy is headed. Investors are bracing themselves for further turbulence in the market as a result of Trump’s protectionist trade policies.

The Nasdaq, which is heavily weighted towards technology stocks, has experienced a significant decline of 1.7%. This drop is reflective of the broader sell-off in the tech sector, with companies such as Apple, Amazon, and Google all seeing their stock prices take a hit. The uncertainty surrounding trade relations with China and other major trading partners has cast a shadow over the future prospects of tech companies, leading to a wave of selling among investors.

Similarly, the Dow Jones Industrial Average, which tracks the performance of 30 large-cap companies, has fallen by 0.3%. While the decline may seem minor compared to the drops in the S&P 500 and Nasdaq, it is still indicative of the broader trend of negative sentiment in the market. Investors are becoming increasingly wary of the potential impact of Trump’s tariffs on corporate earnings and economic growth.

The repercussions of Trump’s tariffs are being felt not just in the stock market, but also in the broader economy. The threat of a trade war with major trading partners such as China and the European Union has raised concerns about the potential for a global economic slowdown. Companies that rely heavily on international trade are particularly vulnerable to the impact of tariffs, as they face higher costs and reduced access to key markets.

In conclusion, the recent downturn in the stock market is a clear sign that investors are growing increasingly concerned about the impact of Trump’s tariffs on the economy. The sharp declines in major indices such as the S&P 500, Nasdaq, and Dow Jones Industrial Average reflect a broader sense of unease among market participants. As the trade war continues to escalate, the future remains uncertain for both the stock market and the economy as a whole.

Source: Twitter