Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
US stocks rout deepens on tariffs as Nasdaq, S&P fall
Hindustan Times Chandigarh
|April 04, 2025
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.
This story is from the April 04, 2025 edition of Hindustan Times Chandigarh.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Chandigarh
Hindustan Times Chandigarh
Of bio-bubbles and Australia's T20 ascendancy
Given the wafer-thin attention spans, it is easy to forget that cricket, just about five years ago, was played in a bio-secure bubble.
3 mins
February 26, 2026
Hindustan Times Chandigarh
It's for mass appeal: The psychology behind unapologetic sports promos
The battle cries Indian cricket broadcasters use to market team contests have a recurring theme of revenge, pride and anger.
4 mins
February 26, 2026
Hindustan Times Chandigarh
Of bio-bubbles and Australia's T20 ascendancy
Given the wafer-thin attention spans, it is easy to forget that cricket, just about five years ago, was played in a bio-secure bubble.
3 mins
February 26, 2026
Hindustan Times Chandigarh
The private forestry plan must square with Forest Rights Act
The Union government recently amended the statutory guidelines under the Van (Sanrakshan evam Samvardhan) Adhiniyam, 1980, to allow private entities to lease forest land for plantation activities.
3 mins
February 26, 2026
Hindustan Times Chandigarh
Xiaomi challenges tax authority over tariffs on royalties
Xiaomi has challenged an Indian tax ruling that said the company evaded $72 million in tariffs on royalty payments, according to legal documents, a dispute that the Chinese company and lawyers say is a test of the country’s legal framework for contract manufacturing
1 mins
February 26, 2026
Hindustan Times Chandigarh
HC dismisses plea challenging AAIB report
THE DELHI HIGH COURT BENCH SAID THE RELIEFS SOUGHT BY THE PETITIONER WERE “HIGHLY MISCONCEIVED’
1 mins
February 26, 2026
Hindustan Times Chandigarh
J'khand crash: Jet history, maintenance under lens
The chartered patient transport flight that crashed near Ranchi while flying to Delhi on February 23 was a 39-year-old plane unused for at least four years until 2022, officials aware of the details said, declining to be named.
3 mins
February 26, 2026
Hindustan Times Chandigarh
UK enforces digital travel system, eVisa now must for Indians
LONDON: New rules in force from Wednesday will see the UK transition to a digital transit system, including mandatory eVisas for Indian travellers and Electronic Travel Authorisation (ETA) for non-visa requiring visitors.
1 min
February 26, 2026
Hindustan Times Chandigarh
Yadav flags inequities in climate talks, says India will meet goals
Union environment minister Bhupender Yadav on Wednesday reiterated India’s commitment to meet its climate goals, even as he highlighted the prevailing inequity that underlines climate talks.
1 mins
February 26, 2026
Hindustan Times Chandigarh
Pawar, Athawale in race for a Rajya Sabha berth from Maha
Political parleys intensified on Wednesday for the upcoming Rajya Sabha elections in Maharashtraas the Nationalist Congress Party (Sharadchandra Pawar) pitched party patriarch Sharad Pawar for one seat, and the ruling Mahayuti moved to finalise its nominees, including Union minister Ramdas Athawale, for the polls.
2 mins
February 26, 2026
Listen
Translate
Change font size