Financial markets around the world are caught up in the wake of President Donald Trump’s latest and most serious tariff set, with US stock markets at their worst.
The S&P 500 fell 4.8% on Thursday, more than other major stock markets. The Dow Jones industrial average fell by 1,679 points, while the Nasdaq composites sank 6%.
It was hardly spared as it flares globally about the potentially toxic mix of potentially toxic economic growth and inflation that tariffs likely to generate.
Thursday:
The S&P 500 fell to 274.45 points (4.8%) to 5,396.52.
The Dow Jones industrial average fell 1,679.39 points (4%) to 42,545.93.
Nasdaq Composite fell 1,050.44 points (6%) to 16,550.61.
The Russell 2000 Index for small businesses fell 134.82 points (6.6%) to 1,910.55.
week:
The S&P 500 has dropped by 184.82 points, or 3.3%.
The Dow has dropped by 1,037.97 points, or 2.5%.
The NASDAQ is down 772.38 points, or 4.5%.
The Russell 2000 has dropped by 112.73 points, or 5.6%.
this year:
The S&P 500 has dropped by 485.11 points, or 8.2%.
The Dow has dropped by 1,998.29 points, or 4.7%.
The NASDAQ is down 2,760.19 points, or 14.3%.
The Russell 2000 has dropped by 319.61 points, or 14.3%.
The views and opinions expressed are those of the author. They are for general informational purposes only and should not be interpreted or interpreted as recommendations or solicitations. Epoch Times does not provide investments, taxes, legal, financial planning, real estate planning, or other personal financial advice. Epoch Times is not responsible for the accuracy or timeliness of the information provided.
