Dow plunges 2,000 as sell-off for markets slams into a scarier gear following Trump's tariffs

[riversedge]

Source: AP




By STAN CHOE Updated 2:20 PM CDT, April 4, 2025


NEW YORK (AP) — The sell-off for financial markets worldwide is slamming into a higher, scarier gear on Friday.

The S&P 500 tumbled 5.7% as Wall Street’s worst crisis since the COVID crash deepened after China matched President Donald Trump’s big raise in tariffs announced earlier this week. The move increases 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 Dow Jones Industrial Average plunged 2,034 points, or 5%, and the Nasdaq composite was 5.6% lower, with an hour remaining in trading.

So far there have been few, if any, winners in financial markets from the trade war. European stocks dropped roughly 5%. The price of crude oil tumbled to its lowest level since 2021. Other basic building blocks for economic growth, such as copper, also saw prices slide on worries the trade war will weaken the global economy.
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China’s response to U.S. tariffs caused an immediate acceleration of losses in markets worldwide. The Commerce Ministry in Beijing said it would respond to the 34% tariffs imposed by the U.S. on imports from China with its own 34% tariff on imports of all U.S. products beginning April 10. The United States and China are the world’s two largest economies.........................

Read more: https://apnews.com/article/market-rates-trump-tariffs-d86db525c370e9da834e6dfb76e23b86?utm_source=firefox-newtab-en-us

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Any good news for the weekend????

Link to tweet

Link to tweet

[bucolic_frolic]

1. -2281 .nt

[SunSeeker]

2. Dow Jones -2,231.07 at the bell. Bloodbath. nt

[UpInArms]

3. Lying Nazi pos

[Baitball Blogger]

4. I wonder how many of those stockholders

Were foreigners who are getting even with Trump by withdrawing their investments?

[twodogsbarking]

5. But wait, this is a buying opportunity. You can invest your money until it is, well, all gone.

[Scrivener7]

6. Futures are down another 5% after the close.

[EarthFirst]

7. FORE!

“I win at golf.”

[twodogsbarking]

8. I moved into cash awhile back. For those who didn't..... Apolgies to the Everly Bros.

Bye-bye funds
Bye-bye happiness
Hello loneliness
I think I'm gonna cry
Bye-bye funds
Bye-bye sweet success
Hello emptiness
I feel like I could die
Bye-bye my funds, goodbye

[republianmushroom]

9. Miller lies like trump often and a lot.

[wyn borkins]

10. And That's a Full-Tilt Truth (n/t)

[DallasNE]

11. Will Trump Say Anything Over The Weekend To Sooth The Stock Market?

And what will the EU say? Trump is hosting a LIV golf tournament this weekend in Florida, so he may not say anything.

I look for Trump to blame the stock speculators and Monday will be another sharp decline. But it could go the other way too with some kind of announcement. None of this should have happened.

[louis-t]

12. "Like we've never seen."

Said the orange dumbass when referring to the stock market crash he foresaw under Joe Biden.

[ThoughtCriminal]

13. Next week is going to be brutal

By then, the GOP will have made it clear that if Krasnov says this good, then they trust him. The markets will not find regain any confidence.

Crash Dive! Where is the bottom? 30,000? 25,000? 20,000?

[Justice matters.]

14. Idiotically stupid made-in-china magat merchandise will cost 34% more

for the idiotically-stupid and conman-gullible magats.

That's the only good news.

[tclambert]

15. They're saying it's the biggest drop since the last time Trump was president.

When Covid hit in 2020, there was also a big meltdown in the stock market.