US stock market experiencing the largest two-day drop in history

During April 3 and 4, companies on the US stock market lost about USD 6.6 trillion.

This is reported by the portal of the publication MarketWatch.

Investors were unprepared for the announcement by President Trump of large-scale global tariffs that exceeded all forecasts.

Experts note that financial markets are putting pressure on the administration, demanding either to reduce the planned tariffs or to show progress in the negotiations, which was reported on Friday.

On the eve of the weekend, analysts expressed concern about the possible escalation of the trade war, where the US does not plan to retreat.

Experts warn that the continuation of the conflict could seriously harm the technology sector and the economy as a whole, increasing the likelihood of a recession and the end of the market growth.

The S&P 500 fell 5.97%, surpassing the 75-day decline of George W. Bush's first term, which had previously held the record. The Russell 2000 index, which tracks small-cap stocks, fell 4.37%, its worst start to a new administration, according to FactSet.

Since Trump's inauguration, the Dow Jones has lost 11.9%, the S&P 500 has lost 15.4%, and the Nasdaq, which hit a high of 20,056.25 in February, has fallen more than 22%, entering bear territory along with the Russell 2000.