Shares of Tesla, the largest electric vehicle manufacturer, fell by 7.30%, while shares of Meta and Nvidia decreased by 4% and 2.78% respectively. The Dow Jones Industrial Average index dropped by 0.19%, the S&P 500 index fell by 1.11%, and Nasdaq lost 1.98%.
According to the data, consumer confidence in February dropped, reaching its lowest level in the past four years. This occurred after an increase in forecasts for inflation over the next 12 months and growing risks to economic stability.
The decline in American stocks on the secondary market was further fueled by new threats from President Donald Trump’s introduction of additional tariffs and possible future restrictions on China. This negatively impacted market optimism and the outlook for lower interest rates.
