Dow plunges 2,200 points as tariff tumult rocks markets

Image credit: Mediamodifier via Pixabay. Article by David Goldman and John Towfighi, CNN. CNN – updated April 4, 2025.

New York (CNN) — US stocks were battered by a steep sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war. The Dow plunged by 2,231 points, or 5.5%. The broader S&P 500 was 5.97% lower. The tech-heavy Nasdaq Composite was 5.82% lower. The Nasdaq closed in a bear market for the first time since 2022, down more than 20% from its record high in December. […]

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