Hedge funds, ETFs dump over $40 billion in stocks after Trump tariff shock
April 4, 20251:24 PM PDTUpdated 2 days ago
NEW YORK, April 4 (Reuters) - Global hedge funds and levered exchange-traded funds (ETFs) dumped more than $40 billion of stocks at a breakneck pace, growing increasingly bearish after President Donald Trump's shock announcement of harsher-than-expected global tariffs, according to bank notes to clients on Friday.
Since late on Wednesday, when Trump boosted tariff barriers to their highest level in more than a century, S&P 500 companies have lost over $4 trillion in stock market value.
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