Dow drops 1,500 points, S&P 500 loses 4% as stock market rout on Trump's tariffs worsens: Live updates

[Wicked Blue]

Source: NBC NY

Stocks nosedived Thursday sending the S&P 500 back into correction territory, after President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy.

The broad market index dropped 4%, putting it on track for its worst day since September 2022. The Dow Jones Industrial Average tumbled 1,500 points, or 3.5%, while the Nasdaq Composite fell 5%. The slide across equities was broad, with decliners at the New York Stock Exchange outnumbering advancers by six to one.

President Donald Trump unveiled on Wednesday sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy.

Shares of multinational companies tumbled. Nike and Apple dropped 12% and 8%, respectively. Big sellers of imported goods were among the hardest hit. Five Below lost 29%, Dollar Tree tumbled 8%, and Gap plunged 22%. Tech shares dropped in an overall risk-off mood, with Nvidia off 6% and Tesla down 6%.



Read more: https://www.nbcnewyork.com/news/business/money-report/u-s-stocks-drop-after-hours-as-trump-imposes-sweeping-tariffs-sp-500-etf-falls-2-live-updates/6210156/

[IronLionZion]

1. When are corporations going to push back on this idiocy?

[et tu]

2. when private equity

has it's fill

[IronLionZion]

6. Companies love being raided and pillaged by pirate equity

[et tu]

11. lol had to check my spelling! nt

[SunSeeker]

3. The chart at the Wall Street Journal is plain scary...we're going off a cliff.

[twodogsbarking]

4. Tired of winning?

[Xipe Totec]

5. We have been liberated from our money! nt

[Comfortably_Numb]

7. I picked the wrong year to retire. My 403(b) is going to be decimated by Orange Foolius while his fluffers just keep

stroking him. Sickening, but on par for the party of the invertebrate lawmakers. I don’t want to think about what my balance will look like when I check in the morning.

[SWBTATTReg]

8. Moron. This idiot, w/o any say-so on the part of the American public or Congress, just unilaterally decides to

cut and mangle federal spending w/o any rhyme or reason. And more than likely, not legally in all cases too. Some spending is mandated by bills approved and signed into law.

[FakeNoose]

9. This is going to continue for quite some time

Maybe it won't be worthy of "LBN" status?

[BlueWavePsych]

10. Kick

[PSPS]

12. Trump is delighted. It bumped signalgate out of the news.