The US stock market suffered a major decline on Monday, leaving stock market investors in deep sorrow.
Fears about US economic growth have crushed investor confidence. In particular, Donald Trump’s reciprocal tax, which is set to be implemented on April 2, is set to have a major impact. In response, investors in the US stock market increased their sales of stocks, causing the market value of the US stock market to fall by more than $4 trillion in a single day, unprecedentedly. This has also increased the fear of recession in America. This sudden decline is not a temporary phenomenon, but is seen as an expression of the fear that has reverberated in the country’s economy and trade. The S&P 500, the main index of the US stock market, has fallen by more than 8 percent from its historic peak reached on February 19.

This has caused a huge impact among stock market investors. The S&P 500 alone has fallen more than 8.6 percent from its peak, which has left a huge hole in the value of investors’ investments. The Nasdaq Composite index, which is full of technology companies, has also fallen more than 10 percent from its December peak, which is seen as the biggest correction in the US stock market. Taking the tech sector, Tesla lost $ 125 billion in market value in this black market. Other technology companies such as Apple and Nvidia also fell by about five percent. Overall, the S&P 500 technology sector fell by 4.3 percent. Leading US tech companies fell by about 11 percent in yesterday’s trading. Apart from the US tech sector, the airline sector was also affected. Delta Air Lines’ share price fell by as much as 14 percent after it cut its first-quarter profit forecast in half. The impact of this is bound to reverberate in the Indian market today, with the Sensex index falling 425 points to 73,690 in early trade this morning.