Financial markets around the world reeled following President Donald Trump’s latest and most severe set of tariffs, and the U.S. stock market took the worst of it.
The S&P 500 fell 4.8% Thursday, more than other major stock markets. The Dow Jones Industrial Average dropped 1,679 points, and the Nasdaq composite sank 6%.
Little was spared as fear flared globally about the potentially toxic mix of weakening economic growth and higher inflation that tariffs can create.
On Thursday:
The S&P 500 fell 274.45 points, or 4.8%, to 5,396.52.
The Dow Jones Industrial Average fell 1,679.39 points, or 4%, to 40,545.93.
The Nasdaq composite fell 1,050.44 points, or 6%, to 16,550.61.
The Russell 2000 index of smaller companies fell 134.82 points, or 6.6%, to 1,910.55.
For the week:
The S&P 500 is down 184.82 points, or 3.3%.
The Dow is down 1,037.97 points, or 2.5%.
The Nasdaq is down 772.38 points, or 4.5%.
The Russell 2000 is down 112.73 points, or 5.6%.
For the year:
The S&P 500 is down 485.11 points, or 8.2%.
The Dow is down 1,998.29 points, or 4.7%.
The Nasdaq is down 2,760.19 points, or 14.3%.
The Russell 2000 is down 319.61 points, or 14.3%.
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This story corrects the closing level of the Dow Jones Industrial Average.
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