Wall Street’s S&P index drops 4.1% as turmoil from US president’s assault on world trade enters second weekBusiness live – latest updatesStock markets continued to fall sharply around the world on Monday as Donald Trump defied stark warnings that his global trade assault will wreak widespread economic damage, comparing new US tariffs to medicine.On Wall Street, the benchmark S&P 500 dropped a further 4.1% – entering bear market territory after falling more than 20% from its most recent peak, in February – as the turmoil headed into a second week. The Dow Jones industrial average declined 4.2%. Continue reading…
Source link : https://www.theguardian.com/business/2025/apr/07/stock-market-dow-jones-sp-ftse-trump-tariffs
Author : Callum Jones in Washington
Publish date : 2025-04-07 13:49:00
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Global stock markets tumble further as Trump insists on tariff ‘medicine’
