Gn legends 👋 $Cherry News | Market Wrap Tariff Turbulence Rocks Markets Markets reeled today after President Trump’s newly announced tariffs sent shockwaves through global finance. The S&P 500 dropped 4.8%, the Nasdaq slid 6%, and Bitcoin retreated to $74,000—marking a sharp reversal as inflation concerns take center stage. Global equities followed suit, with banking stocks leading the downturn. Investors are increasingly spooked by the prospect of stagflation, as economic uncertainty deepens. In a sign of strategic recalibration, PwC bolstered its M&A division with a high-profile hire, preparing for what many expect to be an extended period of market volatility.