Dow drops 1,100 points, crushed for a second day

[struggle4progress]

Updated Fri, Apr 4 20259:39 AM EDT
Brian Evans
Alex Harring
John Melloy

The stock market took another pounding Friday after China retaliated with new tariffs on U.S. goods, raising fears a trade war will tip the globe into a recession.

The Dow Jones Industrial Average traded 1,130 points, or 2.8%. This follows a 1,679.39 point decline on Thursday. The S&P 500 slid 3.2% after the benchmark shed 4.84% on Thursday. The Nasdaq Composite shed 3.5% as many tech companies have exposure to China. On Thursday, the Nasdaq tumbled 6%.

China’s commerce ministry said Friday the country will impose a 34% levy on all U.S. products. This matches the tariff on Chinese goods coming into the U.S. unveiled by President Donald Trump on Wednesday ...

https://www.cnbc.com/2025/04/03/stock-market-today-live-updates.html

Impeach the mofo

[struggle4progress]

1. Dow, S&P 500, Nasdaq crater

US stocks cratered on Friday, setting up for more losses after a $2.5 trillion wipeout as trade-war fears continued to spook markets while investors digested the monthly jobs report ahead of a Jerome Powell speech.

The Dow Jones Industrial Average (^DJI) pulled back around 2.2%, or about 1,000 points. The S&P 500 (^GSPC) also sank about 2.5%, while the tech-heavy Nasdaq Composite (^IXIC) dropped 2.6% ...

https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-crater-after-china-announces-first-retaliatory-tariffs-133033343.html

[Emile]

2. He's gotta go!

[GusBob]

3. If I recall correct

there is a DT quote about impeachment and a 1000 pt drop in the Dow?

[Bernardo de La Paz]

5. That is a fake quote. . . .nt

[durablend]

6. And even if it were real

"Things would've been FAR FAR FAR worse under that Kamalala"

[GusBob]

9. well darn

thx for the clue

[Bernardo de La Paz]

4. Ditch the Dow. It can lead you wrong. It is a 1896 adding machine price-weighted index of 30 stocks. Use SP500. . . . nt

[elocs]

7. "Impeach the mofo" How? Please explain in reality how that ever happens. n/t

[struggle4progress]

8. Backlash Grows Over Trump's Tariff Hike

Global markets react sharply as countries vow retaliation against President Trump’s new tariffs—sparking criticism from both Democrats and Republicans.

[Hugin]

10. Oh, here's an idea...

Let’s throw Social Security into the stock market!

[EnergizedLib]

11. I for one love it

Crash the economy, then blue tsunami 2026. Let’s go.