The Dow Jones Industrial Average fell nearly 4%, the Nasdaq Composite about 6%, and the S&P 500 around 5%. These were the Dow and Nasdaq’s worst marks since June and March 2020, respectively.
The S&P 500 hasn’t been this low since before Trump was elected president last November.
The president announced sweeping “reciprocal tariffs” Wednesday on nearly 200 countries, shocking many global trade partners.
Trending: Why Do 10 Nurses at the Same Hospital Have Brain Tumors?
WHAT TO KNOW ABOUT TRUMP’S ‘LIBERATION DAY’ TARIFFS: HOW THEY WORK AND WHO THEY HIT
As the stock market reacted, U.S. companies were hit particularly hard, including tech giants Amazon and Apple, which each saw their stocks drop around 9%. Nike watched its stock drop 14%, while Gap saw a large 20% loss. Common sellers of imported goods, such as Five
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!