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US stocks rout deepens on tariffs as Nasdaq, S&P fall
April 04, 2025
|Hindustan Times Chandigarh
The sell-off in Wall Street stocks deepened in mid-morning trading Thursday, with the S&P 500 losing more than 4% following US President Donald Trump's sweeping tariff announcement.
NEW YORK:
Trump's broadly crafted new levies battered leading names in banking, technology, apparel and most other areas. Among the S&P 500's 11 sectors, only consumer staples was solidly in positive territory, with the other 10 in the red or nearly flat.
Near 1510 GMT, the S&P 500 stood at 5,420.15, down 4.4 percent.
The Dow Jones Industrial Average dropped 3.7% to 40,644.74, while the tech-rich Nasdaq Composite Index plunged 5.7% to 16,591.55.
The rout follows Trump's "Liberation Day" tariff announcement in which he unveiled a broad swath of new levies affecting all US trading partners.
هذه القصة من طبعة April 04, 2025 من Hindustan Times Chandigarh.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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