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HomeMarket NewsUS Stock Market LIVE: Dow crashes 2,000 points as Trump tariff shock triggers market meltdown
US Stock Market LIVE: Global markets plunged as China retaliated against Trump's trade policies with sweeping tariffs, despite strong US employment data. The S&P 500 fell 3%, Treasury yields dropped, and volatility spiked, while Trump remained steadfast in his economic stance.
US Stock Market LIVE: Stocks tumbled around the world, bonds surged, and oil hit a four-year low, with China stepping up its fight against President Donald Trump’s trade war to intensify concerns about the economy despite signs of a solid jobs market.
Following a rout that sent the S&P 500 to its worst day since 2020, the equity benchmark slumped 3%. European shares headed for a correction. Treasury 10-year yields sank nine basis points to 3.93%. Money markets fully priced four quarter-point rate reductions this year and the chance of a fifth.
Credit fear gauges soared the most since the banking meltdown in 2023. The VIX index of equity volatility briefly topped 45, evoking memories of some of the worst market turbulences.
US job growth beat forecasts in March and the unemployment rate edged up, pointing to a healthy labor market before the global economy gets hit by widespread tariffs. China retaliated against new US levies with a slew of measures, including duties on all American imports and export controls on rare earths. Trump said his economic policies “will never change."
