Wall Street today: S&aP 500 & Dow Jones down 3%, Nasdaq sheds 4% over Trump tariffs fallout

MARKET

Wall Street today: S&aP 500 & Dow Jones down 3%, Nasdaq sheds 4% over Trump tariffs fallout

AIMPWA

April 7, 2025

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US stock indices opened sharply lower on Monday, as investors rushed to government bonds on economic worries over the fallout of President Donald Trump’s sweeping tariffs on US trading partners.

At 09:31 a.m. the Dow Jones Industrial Average fell 1,212.98 points, or 3.17%, to 37,101.88, the S&P 500 lost 181.37 points, or 3.57%, to 4,892.71, and the Nasdaq Composite lost 623.23 points, or 4.00%, to 14,964.56.

Trump Tariffs: Global Markets Rout

Across the global equity markets also, selloff continued on Monday on worries that a trade war induced by President Trump’s tariffs will spark a global economic recession.

On Wednesday, Trump had announced wide-ranging tariffs on US trading partners that were far more impactful than markets had expected.

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