"Trump is losing control of the market": the collapse intensified, Dow Jones went into correction zone

The Dow Jones Industrial Average index fell sharply in trading on Friday, March 27, and entered the correction zone, writes CNBC. At the time of publication of this text, it fell by 1.6%, noticeably intensifying the fall.

The selloff is gaining momentum across the market, with the S&P 500 index collapsing 1.5% and the tech-heavy Nasdaq Composite down nearly 2%, after losing 2.4% the day before. It's on track for its lowest close since August, MarketWatch calculated.

The latest statements by US President Donald Trump failed to calm the market, which had been worried since Thursday, and cooled the growth of oil prices, which put pressure on stocks. Brent futures have already risen by 4.5%, rising to almost $113 per barrel.

For the S&P 500, this could be the fifth consecutive week of declines and the longest such series in almost four years. In March, the index has already declined by 6.8%. If the momentum continues, it will be the strongest monthly collapse since the end of 2022.

According to Forex.com market analyst Fawad Razaqzada, Trump's ability to influence price dynamics is waning. "Trump seems to be losing control of the markets. Investors are no longer taking his statements literally - indeed, they are starting to trade against them, waiting for concrete confirmations before reacting," he told MarketWatch.

This article was AI-translated and verified by a human editor