President Donald Trump from the United States has implemented higher tariffs across more than 60 countries causing a global stock market panic. President Donald Trump initiated these higher import tariffs which eliminated trillions of investor wealth mostly affecting the United States market.
The valuation of $3 trillion has vanished from the business world after the withdrawal of multiple companies from this realm which occurred recently. Since February 19 stock market values of U.S. companies fell $13 trillion resulting in over $5 trillion losses for the “Magnificent 7” firms.
The S&P 500 futures index in the United States has dropped 22% to trigger a bear market condition. During the last 32 days U.S. stock prices have experienced daily losses of about $400 billion which exceeds Pakistan’s total Gross Domestic Product value of $375 billion. Thirty-two days prior the S&P 500 recorded its highest point at 6147 points.
During last Friday Apple’s stock value declined by 7.29% which brought its market capitalization down to $2.829 trillion. Microsoft has gained the position of second-largest company worldwide through a market capitalization of $2.675 trillion. The market capitalization of Nvidia has declined to $2.301 trillion while the company reached a peak of $4 trillion by controlling the AI chip market. Every one of these corporations existed within the $3 trillion elite sector.
Amazon holds the position of number four in the market with a $1.812 trillion valuation behind Alphabet (Google’s parent company) and Saudi Aramco and Meta Platforms and Berkshire Hathaway and Tesla. The Indian company Reliance Industries holds 64th position globally in terms of market capitalization which has reached $182.64 billion. HDFC Bank maintains the position of second valuable company in India with $165.53 billion.
