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Wicked Blue

(7,764 posts)
Thu Apr 3, 2025, 11:23 AM Yesterday

Dow drops 1,500 points, S&P 500 loses 4% as stock market rout on Trump's tariffs worsens: Live updates

Source: NBC NY

Stocks nosedived Thursday sending the S&P 500 back into correction territory, after President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy.

The broad market index dropped 4%, putting it on track for its worst day since September 2022. The Dow Jones Industrial Average tumbled 1,500 points, or 3.5%, while the Nasdaq Composite fell 5%. The slide across equities was broad, with decliners at the New York Stock Exchange outnumbering advancers by six to one.

President Donald Trump unveiled on Wednesday sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy.

Shares of multinational companies tumbled. Nike and Apple dropped 12% and 8%, respectively. Big sellers of imported goods were among the hardest hit. Five Below lost 29%, Dollar Tree tumbled 8%, and Gap plunged 22%. Tech shares dropped in an overall risk-off mood, with Nvidia off 6% and Tesla down 6%.



Read more: https://www.nbcnewyork.com/news/business/money-report/u-s-stocks-drop-after-hours-as-trump-imposes-sweeping-tariffs-sp-500-etf-falls-2-live-updates/6210156/

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Dow drops 1,500 points, S&P 500 loses 4% as stock market rout on Trump's tariffs worsens: Live updates (Original Post) Wicked Blue Yesterday OP
When are corporations going to push back on this idiocy? IronLionZion Yesterday #1
when private equity et tu Yesterday #2
Companies love being raided and pillaged by pirate equity IronLionZion Yesterday #6
lol had to check my spelling! nt et tu Yesterday #11
The chart at the Wall Street Journal is plain scary...we're going off a cliff. SunSeeker Yesterday #3
Tired of winning? twodogsbarking Yesterday #4
We have been liberated from our money! nt Xipe Totec Yesterday #5
I picked the wrong year to retire. My 403(b) is going to be decimated by Orange Foolius while his fluffers just keep Comfortably_Numb Yesterday #7
Moron. This idiot, w/o any say-so on the part of the American public or Congress, just unilaterally decides to SWBTATTReg Yesterday #8
This is going to continue for quite some time FakeNoose Yesterday #9
Kick BlueWavePsych Yesterday #10
Trump is delighted. It bumped signalgate out of the news. PSPS Yesterday #12

Comfortably_Numb

(4,182 posts)
7. I picked the wrong year to retire. My 403(b) is going to be decimated by Orange Foolius while his fluffers just keep
Thu Apr 3, 2025, 01:25 PM
Yesterday

stroking him. Sickening, but on par for the party of the invertebrate lawmakers. I don’t want to think about what my balance will look like when I check in the morning.

SWBTATTReg

(25,077 posts)
8. Moron. This idiot, w/o any say-so on the part of the American public or Congress, just unilaterally decides to
Thu Apr 3, 2025, 04:47 PM
Yesterday

cut and mangle federal spending w/o any rhyme or reason. And more than likely, not legally in all cases too. Some spending is mandated by bills approved and signed into law.

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