How Major US Stock Indexes Fared April 4
Wall Street’s worst crisis since COVID slammed into a higher, scarier gear. The S&P 500 plummeted 6 percent Friday, the Dow Jones Industrial Average plunged 5.5 percent and the Nasdaq composite dropped 5.8 percent.
The losses came after China matched President Donald Trump’s big raise in tariffs announced earlier this week.
Not even a better-than-expected report on the U.S. job market was enough to stop worries about the escalating trade war possibly causing a recession. The head of the Federal Reserve also warned about how tariffs can push up on inflation.
On Friday:
The S&P 500 fell 322.44 points, or 6 percent, to 5,074.08….
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