Trump's Tariffs Affect Stocks
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•Business
Business & Economics
Stocks have been down since Trump unveiled new tariffs. What does it mean for your 401(k)?
81% Informative
The S&P 500 ended the day down 4.8% , its biggest one-day slide since 2020 .
The Dow Jones Industrial Average fell nearly 4% and the tech-heavy Nasdaq Composite dropped nearly 6% .
Younger investors should focus on their long-term savings strategy and continue their investments, experts say.
Those in retirement should ideally have six to 12 months' worth of expenses in money market accounts.
That's especially true if workers find themselves unemployed shortly before their expected retirement age.
For investors without enough cash on hand, though, Behr said they should do what they can to avoid selling stock.
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