Dow Jones Craters By Over 2200 Points Due To Tariffs

CNBC reports:

The stock market was pounded for a second day Friday after China retaliated with new tariffs on U.S. goods, sparking fears President Donald Trump has ignited a global trade war that will lead to a recession. The Dow Jones Industrial Average dropped over 2,200 points, or 5.5% on Friday, its biggest decline since June 2020 during the pandemic. This follows a 1,679 point decline on Thursday and brings the drawdown from its record to more than 14%.

The S&P 500 nosedived 5.8%, also the biggest decline since June 2020. The benchmark shed 4.84% on Thursday and is now off 17% off its recent high. The Nasdaq Composite, home to many tech companies that sell to China and manufacture there as well, dropped 5.6%. this follows a nearly 6% drop on Thursday. The measure is 22% lower than its December record, a bear market in Wall Street terminology.

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BREAKING: The Dow Jones has tumbled over 2,100 points as a market sell-off intensifies amid trade war fears. https://t.co/rONUeksDzj

— CBS News (@CBSNews) April 4, 2025

BREAKING: For first time ever, the Dow Jones Industrial Average has fallen by over 1,500 points on two consecutive days.

— The Spectator Index (@spectatorindex) April 4, 2025