S&P 500 companies have lost $5.8 trillion in stock market value since Trump’s tariff announcement last Wednesday, the deepest four-day loss since the benchmark was created in the 1950s, according to LSEG data. Global markets had previously posted gains on hopes that Trump might be willing to negotiate down the array of country and product-specific trade barriers he is erecting around the world’s largest consumer market.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of