Dow plunges more than 1,600 points
Digest more
Top News
Overview
Impacts
CNN International |
US stocks opened sharply lower Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war.
The New York Times |
After China announced new retaliatory measures against the United States, President Trump responded that Beijing “PLAYED IT WRONG.”
U.S. News & World Report |
Trump announced a minimum tariff of 10% on global imports, with the tax rate running much higher on products from certain countries like China and those from the European Union.
Read more on News Digest
5h
Investor's Business Daily on MSNDow Jones Futures: Trump Tariffs Drive Nasdaq Into Bear Market; Does This Gauge Signal Bottom Near?The Trump tariff stock market rout has driven the Nasdaq into a bear market. Even resilient stocks cracked. Does market fear signal a bottom?
The Dow Jones fell by 2,231 points, extending losses amid President Trump's tariff policies, leading to a significant market value loss and global trade concerns.
The Dow Jones got dragged into the depths on Friday, plummeting nearly 2,000 points. It’s the single worst day for equities since the pandemic selloff as the US kicks off a global trade war. China has announced its own retaliatory tariffs on the US, causing markets to brush off NFP.
The Dow Jones Industrial Average gained 415, or 1.1%, while the S &P 500 climbed 0.5%. The tech-heavy Nasdaq ticked down 0.1%. Tesla, the electric carmaker led by billionaire Trump-advisor Elon Musk, dropped 1.5%.
Dow drops more than 1,100 points as China hits back with tariffs on US imports. Follow live updates.
US markets opened Friday with a drop, coming off the S&P 500's worst day since 2020 and following China's move to match President Trump’s big raise in tariffs.
Most equity indexes are holding close to flat on Tuesday. However, the Dow Jones is still trading around 200 points below Monday’s closing prices, cycling near 41,800. The Standard & Poor’s 500 eased slightly, falling below 5,600, while the Nasdaq Composite holds steady near 17,300.
Matador noted it expects steel prices for goods such as casing, valves and surface equipment to increase this year. It added that its inventory for the majority of drilling in 2025 has already been secured. Matador said it doesn't expect any recent tariffs to impact its well costs until the second half of 2025.