Reported about 12 hours ago
The US stock market saw a disastrous day on Friday as the Dow Jones Industrial Average plummeted over 2,200 points, marking its steepest drop since 2020. This plunge followed retaliatory tariffs imposed by China in response to President Trump's recent tariffs, leading to fears of an escalating trade war and potential recession. The broader S&P 500 and tech-heavy Nasdaq Composite also suffered significant losses, with both indexes entering correction and bear market territory respectively, igniting investor panic and a rush to safer government bonds.
Source: YAHOO