The Dow Jones Industrial Average plunged 1,051.53 points, or 2.7%, while the S&P 500 dropped 2.8%. The tech-heavy Nasdaq Composite fared worse, losing 3.1% in intraday basis on April 21.
It came shortly after the U.S. government informed Nvidia that it would now need a license to export H20 chips to China and several other regions.
The Dow Jones Industrial Average dropped 629 points, or 1.6%, while the S&P 500 fell 2.1%. The Nasdaq Composite slid 2.9%, giving back a portion of Wednesday’s massive gains.
Nasdaq and S&P 500 indices rose by 1% as markets opened, despite China raising tariffs on US products, amid a volatile trading environment and rising Treasury bond yields.
He was answering a question on whether the retaliatory tariffs were a part of some 'Nixonian grand strategy' such as droppping the gold standard to solve America's debt problem.
Pakistan's benchmark share index- Karachi Stock Exchange (KSE)- slumped 6 per cent, or more than 7,200 points on Monday following the tumble in global markets
The tech-heavy Nasdaq dropped more than 20% from its all-time closing high touched in December, putting it on course to confirm a bear market.
U.S. stock futures declined sharply on Friday following China's announcement of a 34% tariff on all U.S. goods, effective April 10, in response to President Donald Trump's recent tariff measures.
Global investors were shocked by Trump's unveiling of the most stringent trade barriers in more than a century, which he terms as reciprocal tariffs.
The Dow Jones Industrial Average dropped by 1,111.20 points (or 2.66%) to 41,103.63 at 09:30 a.m.. In the same period, the S&P 500 saw a decline of 188.27 points (or 3.32%).
Tech giant signals iPhone sales rebound as AI features expand, despite ongoing challenges in China.
This $1 trillion achievement has been a key goal for Abu Dhabi’s ruling family, eager to establish the UAE as a global financial hub.
Tesla Share Price: Trump Media spiked 30 per cent after the 78-year-old was elected US president for the second time. Trump owns around 57 per cent of Trump Media, which trades under the ticker DJT.
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