Stock Market Tumbles Again After Opening Bell

CNBC reports:

The stock market took another pounding Friday after China retaliated with new tariffs on U.S. goods, raising fears a trade war will tip the globe into a recession.

The Dow Jones Industrial Average traded down 1,130 points, or 2.8%. This follows a 1,679.39 point decline on Thursday. The S&P 500 slid 3.2% after the benchmark shed 4.84% on Thursday. The Nasdaq Composite shed 3.5% as many tech companies have exposure to China. On Thursday, the Nasdaq tumbled 6%.

China’s commerce ministry said Friday the country will impose a 34% levy on all U.S. products. This matches the tariff on Chinese goods coming into the U.S. unveiled by President Donald Trump on Wednesday.

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🚨 STOCKS CRASH AT OPEN

DOW JONES DOWN ALMOST ANOTHER 1200 POINTS, NOW BELOW 40,000.

S&P 500 DOWN NEARLY 180.

NASDAQ DOWN NEARLY 630. pic.twitter.com/tFnXSQP9r3

— MeidasTouch (@MeidasTouch) April 4, 2025