U.S. stocks tanked in the morning session on Thursday as investors are shocked by U.S. President Donald Trump tariffs announcement.
The Dow Jones Industrial Average lost over 1,400 points, or 3.5 percent, to 40,747.76 as of 10:05 a.m. eastern time (1405 GMT). Meanwhile, the S&P 500 shed 218.81 points, or 3.86 percent, to 5,452.17. The Nasdaq Composite Index dropped by 796.85 points, or 4.53 percent, to 16,804.20.
Amid widespread opposition, Trump on Wednesday signed an executive order on the so-called “reciprocal tariffs,” imposing a 10-percent “minimum baseline tariff” on all imports and higher rates on certain trading partners.
U.S. stocks tanked in the morning session on Thursday as investors are shocked by U.S. President Donald Trump’s reciprocal tariff announcement.
The Dow Jones Industrial Average lost over 1,400 points, or 3.5 percent, to 40,747.76 as of 10:05 a.m. eastern time (1405 GMT). Meanwhile, the S&P 500 shed 218.81 points, or 3.86 percent, to 5,452.17. The Nasdaq Composite Index dropped by 796.85 points, or 4.53 percent, to 16,804.20.
Amid widespread opposition, Trump on Wednesday signed an executive order on the so-called “reciprocal tariffs,” imposing a 10-percent “minimum baseline tariff” on all imports and higher rates on certain trading partners.
U.S. stocks plunged early Thursday as investors were shocked by President Donald Trump’s announcement of reciprocal tariffs.
The Dow Jones Industrial Average fell 1,400 points, or 3.5%, to 40,747.76. The S&P 500 fell 218.81 points, or 3.86%, to 5,452.17. The Nasdaq Composite fell 796.85 points, or 4.53%, to 16,804.20.
Amid widespread opposition, Trump signed an executive order on Wednesday on so-called “reciprocal tariffs,” imposing a 10% “minimum baseline tariff” on all imports and higher tariffs on certain trading partners.