Published 1 day ago • loading... • Updated 1 hour ago

S&P 500 drops 6% and Dow plunges 2,200 to close the worst week since 2020

The S&P 500 fell 6%, closing Wall Street's worst week since March 2020, as China matched U.S. Tariffs, leading to increased market losses.
The Dow Jones Industrial Average dropped 2,231 points, or 5.5%, and the Nasdaq composite tumbled 5.8%, both significantly down from their records.
Fed Chair Jerome Powell warned that tariffs could raise inflation expectations, indicating a potential risk to the economy.

Insights by Ground AI

Does this summary seem wrong?

97 Articles

All

Left

Center

Right

Sky News UK

Center

Stock markets slump for second day running after Trump announces tariffs - in worst day for indexes since COVID

All three of the US's major indexes were down by more than 5% at market close on Friday, making for the worst day in American markets since the COVID-19 pandemic.

3 hours ago·United Kingdom

Read Full Article

The Toronto Star

Lean Left

Freefall Friday: Battered stock markets close in sell-off sparked by Trump tariffs

Canadian and U.S. stock markets closed after a second day of free falling, with the S&P TSX Composite Index down 4.6% and New York’s S&P 500 down nearly 6%.

4 hours ago·Toronto, Canada

Read Full Article

Hindustan Times

Lean Left

Dow sinks 2000 points on Friday - List of biggest crashes in US history

The Dow Jones dropped 2,231.07 points, or 5.5%, to 38,314.86 - its biggest decline since June 2020

5 hours ago·New Delhi, India

Read Full Article

Fast Company

Lean Left

S&P 500 tanks 6% and Dow drops 2,200 points after China matches Trump’s tariffs

Wall Street’s worst crisis since COVID slammed into a higher gear Friday. The S&P 500 lost 6% after China matched President Donald Trump’s big raise in tariffs announced earlier this week. The move increased the stakes in a trade war that could end with a recession that hurts everyone. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide. The drop close…

5 hours ago

Read Full Article

KCRA 3

+14 Reposted by 14 other sources

Center

S&P 500 and Dow Jones plunge amid tariff tensions and oil slump

S&P 500 drops 6% and Dow plunges 2,200 to close the worst week since 2020 after China retaliates against Trump's tariffs.

5 hours ago·Sacramento, United States

Read Full Article

Boston Globe

Lean Left

S&P 500 drops 6 percent and Dow plunges 2,200 to close the worst week since 2020. Follow live updates. - The Boston Globe

Markets are facing their worst crisis since the COVID crash after China matched President Trump’s big raise in tariffs in the president’s escalating trade war.

5 hours ago·Boston, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year