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Stock Markets Tank at Open as Investors Panic Over Tariff Plans

The S&P 500 is down 3.4%, the Nasdaq Composite tumbled 3.8%, and the Dow Jones Industrial Average sank 1,200 points.
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Apr 3, 2025 • 1 min read

President Trump's latest tariff announcements prompted a sharp sell-off in stock markets, with major indices registering their biggest drops in years.

What’s the Scoop?

  • Market Fallout: The S&P 500 dropped 3.4%, the Nasdaq lost 5%, and the Dow slid 1,200 points after President Trump's sweeping tariff announcements.
  • Tariff Breakdown: The White House unveiled a 10% base tariff on all countries, with higher rates targeting those with significant trade imbalances.
  • Economic Concerns: Major multinational companies like Apple and Nike saw shares tumble, amplifying fears of a global economic slowdown.

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