S&P 500 Enters Bear Market as Tariff Concerns Deepen

U.S. stock markets are facing significant declines for the third consecutive day, largely due to President Trump's newly imposed tariffs on major trading partners, which have raised fears of economic instability. The S&P 500 is now down over 20% from its February peak, officially entering bear market territory. The Dow experienced a dramatic drop of 1,200 points at market open, contributing to one of the worst three-day stretches since 1987. Despite the turmoil, Trump maintains that the market decline is necessary 'medicine' to rectify trade imbalances, while China has retaliated with its own tariffs. Some analysts suggest that the rapid decline may present a buying opportunity, indicating that stocks are now historically inexpensive. Trump has expressed a willingness to negotiate with world leaders regarding tariffs, suggesting a potential shift in his administration's approach, although he insists on closing the trade gap with the U.S.