U.S. stocks faced a steep decline on Thursday after President Trump announced new tariffs. Experts warn that this could slow global growth and increase inflation. The stock market had one of its worst days in recent history.
- The S&P 500 fell by 4.8%, its largest drop since June 2020.
- The Dow Jones lost 1,679 points, nearing a technical correction.
- The Nasdaq plummeted nearly 6%, close to a bear market.
- Apple stock dropped by 9.4%, erasing $315 billion in value.
| Index | Change | Current Level |
|---|---|---|
| S&P 500 | -4.8% | Lowest since August |
| Dow Jones | -4% | Lowest since September |
| Nasdaq | -6% | Lowest since August |
