Dow drops 1,500 as US stocks lead worldwide sell-off
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New York – Financial markets around the world are reeling Thursday following President Donald Trump’s latest and most severe set of tariffs, and the U.S. stock market is taking the worst of it so far.
The S&P 500 was down 4.3% in morning trading, more than other major stock markets, and it’s on track for its worst day since COVID shattered the global economy five years ago. The Dow Jones Industrial Average was down 1,538 points, or 3.6%, as of 10:55 a.m. Eastern time, and the Nasdaq composite was 5.6% lower.
Little was spared in financial markets as fear flared globally about the potentially toxic mix of higher inflation and weakening…
