US Stock Market Is Plummeting Amid Tariff Mania. Should You 'Buy the Dip' or Stay the Course?

The longterm impact of the new US tariffs implemented by President Donald Trump may be unclear, but the short-term effects are causing a downturn in the leading US markets. After plunging into bear market territory this morning, the S&P 500, a benchmark for US stocks, temporarily jumped back up after false rumors of a 90-day tariff pause surfaced. The White House posted on X that a tariff pause was "fake news," which sent the stock index tumbling again. The Dow Jones Industrial Average saw similar swings, dropping 1,700 points this morning, then jumping up more than 800 points before falling again. "It is very difficult for businesses to plan in this chaotic tariff environment created by the Trump administration," said Robert Johnson, CEO of Economic Index Associates and professor of finance at Creighton University's Heider College of Business. Markets usually react negatively to tariffs, which are taxes on imported goods that usually drive up prices for consumers and stifle global t ... Read full article.