U.S. Stocks Fall, Wiping Out More Than $3 Trillion in Market Value

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 3 April 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for April 3. U.S. markets experience their steepest declines since 2020, as investors grappled with the impact of President Trump’s new tariff plan. WSJ reporter Hannah Erin Lang joins to discuss. Plus, amid a broader selloff, investors turn to consumer staple stocks. We hear from Journal reporter Stephen Wilmot about which kinds of stocks have emerged as winners. And the U.S. dollar fell today, catching analysts by surprise. Heard on the Street columnist Jon Sindreu tells us what that means for the U.S.’s economic future. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	In an age of unprecedented disruption and opportunity, success depends on what you do with your data and how fast you do it.
0:07.1	This is the era of AI. This is the era of KX. KX, survival of the fastest.
0:16.5	U.S. stocks plunge, losing more than $3 trillion in market value.
0:21.6	Plus, why, amid a market sell-off, investors are turning to consumer-staple stocks.
0:27.2	And what a weaker dollar means for the U.S.'s economic future.
0:31.0	What investors are realizing today is that the growth prospects of the U.S. are deteriorating.
0:39.1	It's Thursday, April 3rd.
0:41.2	I'm Alex O'Soula for the Wall Street Journal.
0:43.4	This is the PM edition of What's News,
0:46.8	the top headlines and business stories that move the world today.
0:58.7	U.S. stocks have suffered their biggest single-day wipeout in market value since the COVID route in March 2020.
1:04.6	Dozens of household name stocks posted double-digit declines, including HP, Nike, and Target.
1:10.7	The U.S. dollars sank, oil and gold both fell, and investors dashed for the safety of treasuries.
1:15.5	The decline sets up financial markets for one of their most precarious periods in recent years,
1:20.9	as the tariffs and the international reaction test the faith investors used to stick with stocks.
1:26.5	The Dow fell more than 1,600 points, or about 4%. The S&P 500 slid about 5%. And the NASDAQ was down more than 1,600 points or about 4%. The S&P 500 slid about 5%.
1:29.3	And the NASDAQ was down more than 1,000 points, ending the day roughly 6% lower.
1:34.9	All in all, U.S. stocks have lost roughly $3.1 trillion in market value.
1:40.9	For more, I'm joined by WSJ Markets reporter Hannah Aaron Lang.
1:45.4	Well, Hannah, what a day it's been for the markets.
1:47.8	What happened here today?
1:49.7	It's fair to say that today was kind of a bloodbath for markets.
	...

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