US Stock Market Move | The Dow Jones Industrial Average fell more than 1000 points, and a survey shows that the number of global investors intending to reduce their holdings in US stocks has reached the highest level since 2001.
On Monday, following the long weekend, the selling pressure on Wall Street intensified.
On Monday, following the long weekend, the sell-off on Wall Street intensified. The Dow Jones plunged over 1000 points, a drop of more than 2.6%, while the Nasdaq fell by 3% and the S&P 500 dropped over 2.7%. Analysts believe that Trump's tariffs are a catalyst for the end of America's exceptionism era and have damaged the country's image as a top investment destination with unparalleled performance. The trade conflicts he initiated have impacted business decisions and disrupted economic growth forecasts. CEOs are revising their performance guidelines downwards, and major Wall Street banks have also revised their year-end targets for the S&P 500 index downwards. The latest global fund manager survey by Bank of America shows that the number of global investors planning to reduce their holdings of U.S. stocks has reached the highest level since data collection began in 2001. 73% of respondents believe that America's exceptionalism has reached its peak.
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