Try GOLD - Free
US stocks rout deepens on tariffs as Nasdaq, S&P fall
Hindustan Times Mumbai
|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 Mumbai.
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 Mumbai
Hindustan Times Mumbai
Pakistan navy test fires missile in Arabian Sea
The Pakistan Navy on Saturday successfully testfired a surface-to-air missile during an exercise in the North Arabian Sea, according to an official release.
1 min
January 11, 2026
Hindustan Times Mumbai
Abducted Dalit woman rescued in Meerut
THE WOMAN WAS ABDUCTED AFTER HER MOTHER WAS ATTACKED BY SOM AND HIS AIDES. THE MOTHER'S DEATH LED TO PROTESTS IN THE REGION
1 mins
January 11, 2026
Hindustan Times Mumbai
STEBIN-NUPUR KICK OFF WEDDING FESTIVITIES
The wedding celebrations of actor Nupur Sanon, 30, and singer Stebin Ben, 32, officially began in Udaipur on Friday, with the couple hosting a haldi ceremony followed by a sangeet night.
1 min
January 11, 2026
Hindustan Times Mumbai
Police bust gang that preyed on Indians with terror probe threat
Delhi Police have busted an international cybercrime syndicate that defrauded victims across India of nearly ₹100 crore by impersonating anti-terror officers and placing them under “digital arrest”, arresting seven people including a Taiwanese national who served as the operation's technical backbone.
1 min
January 11, 2026
Hindustan Times Mumbai
OFF THE GRID: THE RISE OF PHONE-FREE WEDDINGS
From invites stating no-phone policies to unplugged ceremonies, couples are ditching the screens for their big day
2 mins
January 11, 2026
Hindustan Times Mumbai
The controlled chaos of Geese
FOWL PLAY
2 mins
January 11, 2026
Hindustan Times Mumbai
You gotta have fate
How often has a chance meeting altered our lives, or happenstance secured us a win? No matter what one believes, it seems clear: our lives are shaped by forces beyond our reach. How does one contend with that surreality?
3 mins
January 11, 2026
Hindustan Times Mumbai
NCP factions release joint manifesto for Pune municipal body elections
Maharashtra deputy chief minister and NCP chief Ajit Pawar and his cousin Supriya Sule, the working president of NCP (SP), on Saturday released a joint manifesto for the upcoming elections to the Pune municipal corporation, following a bitter split in 2023.
1 min
January 11, 2026
Hindustan Times Mumbai
One battle after another: Here's to the Year of Sport
A 2026 WISH-LIST
3 mins
January 11, 2026
Hindustan Times Mumbai
Save as...: How women invest
There is certainly a difference. The choices women make when it comes to investments are generally considered too timid, too conservative, too risk-averse. What's interesting, though, is that the aims of women are also the aims of all cautious investors with a lot to lose. The challenges they face - interrupted careers, unsteady income arcs - are shared by millions around the world (think, gig workers, caregivers, entrepreneurs). Could a shift in how the world of finance views such lives benefit us all?
5 mins
January 11, 2026
Listen
Translate
Change font size