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HomeWorld NewsUS stock market LIVE: Dow Jones, Nasdaq Futures indicate sharp plunge on Wall Street on Trump tariff impact
US stock market LIVE: US stock futures plunged on Thursday, with the Dow dropping nearly 1,200 points after President Trump's unexpected 10% "Liberation Day" tariffs sent shockwaves through global markets. Futures for the tech-heavy Nasdaq 100 led the sell-off, sinking 3.8% as losses for major indices deepened before the market opened. S&P 500 futures fell 3.4%, while Dow Jones Industrial Average futures dropped 2.8%. Stay tuned with the latest updates from the US stock markets with the CNBC-TV18 blog
US stock market LIVE: US stock futures plunged on Thursday, with the Dow dropping nearly 1,200 points after President Trump's unexpected 10% "Liberation Day" tariffs sent shockwaves through global markets. Futures for the tech-heavy Nasdaq 100 led the sell-off, sinking 3.8% as losses for major indices deepened before the market opened. S&P 500 futures fell 3.4%, while Dow Jones Industrial Average futures dropped 2.8%.
On Wednesday, President Trump unveiled a two-step tariff plan, imposing a baseline rate of 10% on all US trading partners. However, countries deemed "bad actors" in trade will face significantly higher duties. These tariffs are set to take effect on April 5 and April 9. A total of 185 countries will be affected by the tariffs, pushing the effective US tariff rate to its highest level in over a century. Global stock markets sold off as fears of retaliation from trading partners grew, stoking concerns about a full-scale trade war and its potential impact on global economic growth.
Stay tuned with the latest updates from the US stock markets with the CNBC-TV18 blog
