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HomeWorld NewsUS stock market LIVE: Dow Jones tumbles 1,600 points, S&P on track to post biggest single-day loss since 2020
US Stock Market LIVE: A sharp sell-off gripped Wall Street on Thursday, with the S&P 500 entering correction territory as market fears of a trade war and the US entering a recession escalated following President Trump’s tariff announcement. The S&P 500 fell 4%, marking its worst day since September 2022, while the Dow Jones Industrial Average plummeted 1,500 points, or 4%. The Nasdaq Composite also dropped by 4% as a widespread sell-off gripped the market. Decliners at the New York Stock Exchange outnumbered advancers by a staggering six-to-one ratio. Stay tuned for the latest updates on the US stock markets from the CNBC-TV18 blog.
US Stock Market LIVE: A sharp sell-off gripped Wall Street on Thursday, with the S&P 500 entering correction territory as market fears of a trade war and the US entering a recession escalated following President Trump’s tariff announcement. The S&P 500 fell 4%, marking its worst day since September 2022, while the Dow Jones Industrial Average plummeted 1,500 points, or 4%. The Nasdaq Composite also dropped by 4% as a widespread sell-off gripped the market. Decliners at the New York Stock Exchange outnumbered advancers by a staggering six-to-one ratio.
The US dollar experienced its largest single-day decline on record, dropping by 2.1% against major currencies. Investors are concerned about the potential negative impact of President Trump’s sweeping trade tariffs on the US economy, leading to a shift away from the dollar and towards safer assets like the Japanese yen and Swiss franc. The decline in the dollar is further fuelled by expectations of interest rate cuts by the Federal Reserve to stimulate growth, potentially weakening the dollar further.
Stay tuned for the latest updates on the US stock markets from the CNBC-TV18 blog.
