US stocks plummeted across the board! Nasdaq plunged 3%, and the Federal Reserve refused to bail out.

Expectation dashed! US stocks fell across the board, with Nasdaq down more than 3%.

Closing of US stocks, the three major indexes declined comprehensively, Dow Jones down 1.73%, Nasdaq down 3.07%, S&P 500 Index down 2.24%.

The seven giants of US stocks: NVIDIA down 6.87%, Tesla down 4.94%, Apple down 3.89%, Microsoft down 3.66%, Amazon down 2.93%, METa down 3.68%, Google down 1.91%.

The market is looking forward to the Federal Reserve stepping in to save US stocks, but Powell directly delivered a heavy blow.

Powell said not to expect the Federal Reserve to bail out the market because the Fed can't keep up with Trump's daily changes.

Regarding the tariff policy, Powell said that even under the most optimistic assumptions, Trump's tariffs are unexpected.

He pointed out that part of the market turmoil comes from hedge funds reducing leverage and debt, and short-term market volatility will continue.

Source: https://www.toutiao.com/article/1829604728397833/

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