The stock market fell significantly on Thursday after President Donald Trump’s “Liberation Day” announcement.
Trump began his “Liberation Day” announcement after 4 p.m. on Wednesday, when markets closed for the day, meaning the main impact of the announcement in the U.S. only occurred after markets opened at 9:30 a.m. The announcement already had an effect on futures, however — futures for the S&P 500 declined 3.4% before opening, the Dow Jones Industrial Average by 2.8%, and the Nasdaq by 3.8%.
Upon opening, the DOW was down 1150 points, the S&P 500 by 3.14%, and the NASDAQ by 4.13%.
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Big U.S. stocks tumbled — Nike fell 10.64%, Apple 7.95%, and Amazon 6.83%.
Global markets were sent reeling. Japan’s benchmark Nikkei 225 index fell over 4% after the
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