NEW YORK (AP) — Stock markets worldwide are careening even lower after China matched President Donald Trump’s big raise in tariffs in an escalating trade war.
The S&P 500 dropped 2.7% early Friday, coming off its worst day since COVID wrecked the global economy in 2020. The Dow Jones Industrial Average dropped 1,000 points, and the Nasdaq composite tumbled 3%.
Not even a better-than-expected report on the U.S. job market was enough to stop the slide. European stocks saw some of the day’s biggest losses, and the price of crude oil tumbled to its lowest level since 2021 on worries about how a trade war could cause a recession.
Read More Details
Finally We wish PressBee provided you with enough information of ( Sell-off worsens for markets worldwide after China retaliates against Trump’s tariffs )
Also on site :
- Nordstrom Rack Has a ‘Lovely’ $100 Floral Duvet Set on Sale for Just $39, and Shoppers Say It Feels ‘Soft and Cozy’
- Ghosts’ Román Zaragoza Talks Sasappis’ Love Triangle Twist and Why He Pitched for Sas to Be a Virgin
- Colon Cancer Survivors Who Do This Live Longer, According to Oncologists