Trump tariffs hit U.S. stocks, S&P 500 fell into correction zone
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2025-04-04 01:03 380
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According to Golden Finance, U.S. stocks remained in a downward situation on Thursday afternoon, with the Dow Jones Industrial Average falling more than 1,300 points, the Nasdaq fell nearly 5%, and the S&P 500 fell into the correction area. U.S. President Trump announced an additional 10% to 49% "reciprocal tariffs" on almost all countries, a move that could trigger a global trade war and hit the already weak U.S. economy hard. The number of initial jobless claims in the United States fell unexpectedly last week. Trump's tariffs and OPEC+'s production increase plan have caused oil prices to plummet. The Dow Jones Industrial Average fell 1309.80 points, or 3.10%, to 40915.52 points; the Nasdaq fell 861.38 points, or 4.89%, to 16739.67 points; the S&P 500 fell 214.50 points, or 3.78%, to 5456.47 points.