Updated with closing prices. US stock markets have moved from bad to worst Friday, which is the fastest declines throughout the trading day to end in a red color amid the shock of Donald Trump's tariff system.
The Dow Jones Industrial Index decreased 2,231.07 points, or 5.5 %, to formally enter the correction area (which means that the blue chip index is less than 10 % lower than its height). Nasdak and S& P 500 each decreased by approximately 6 %. The heavy technical nasdaq has decreased enough to be classified as a bear market, or more than 20 % lower than a high point. It was one of the jewels of the Crown Prince on the Nasdak, Amazon, its worst week since 2022, and the follow -up of the nine week's weekly giant is the worst since 2008.
The two -day fainting was the worst since Covid in March 2020. Characters on the air on CNBC and other financial outlets attached to the free fall that was summoned in October 1987, when the Black Monday had previously destroyed dramatic drops in the previous and Friday.
Donald Trump's sweeping tariff, especially 34 % added to postal fees in China, was the cause of fainting. China also presented a fateful signal to the market early on Friday, saying that it will be discussed by matching the customs tariff by 34 % on American goods, instead of engaging in negotiations, as Trump and other officials encouraged state to do it.
The shares of the media spared the account. The decreases were everywhere, with the AmC entertainment lighting only in green, the highest part of a percentage. (Cinemacon trading or the retail reinforcement revolution? Warner Bros. Discovery (-12 %); Comics (-6.6 %); Fox (-4 %); And Nexstar (-8 %). In the technology sector, Apple decreased by 7 %, META decreased by 5 %, Amazon was 4 % off, and Roku used 8 %.
For the first time, the head of the Federal Reserve Powell was heavily on the definitions, describing them “higher than expected.” While he added that “it is too early to say” What should be taken to respond to the market collapse. Powell and Lockey's focus is expected to turn on to be a cooling to try to prevent the wider hole of the economy, which was in a solid state before Trump's actions.
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Donald Trump's tariff also showed increasing signs of a commercial war with China and perhaps several other countries, US stock markets decreased sharply for a second consecutive day on Friday.
Dow Jones Industrial Malce decreased 1,300 points, S&P 500 and NASDAQ, each of which decreased by almost 4 % in early trading. The decrease in the Thursday market session, which was the worst since Covid's 2020 panic on the Nasdaq and S&P Stock Exchange. Individual shares of large companies were extracted unusually, as investors' reaction to the expected and high definitions was.
The losses were not terrible like Thursday for media and technology, but the morning still indicates the end of Ghuloom to a turbulent week. Apple shed 3 %, Meta was 4 %, Disney fell by 4 % and Warner Bros Discovery by 7 %. Amazon decreased only 1 %, while Netflix decreased by 5 %.
China has indicated that it will impose a 34 % tariff on American goods, and is suitable for the latest 34 % of China on China by Trump. China's challenging position raised fears that countries will discuss instead of negotiating with the United States
Trump unveiled the definitions on Wednesday at a White House press conference from the White House. The future markets started drowning while speaking. A 10 % mutual tariff has been placed on all commercial partners, at various rates of the country. China, India, Taiwan, Thailand and Vietnam are scheduled to be exposed with customs tariffs by 34 %, 26 %, 32 %, 36 % and 46 %, respectively. The European Union also faces a 20 % tariff. The measures will enter into effect in the next week.
One of the tourist attractions on the plane on Friday was the green number of Newsmax, which has emerged in a red sea. The pro -Trump's television news network, which had a public subscription earlier this week, increased by 5 % and increased to more than 500 % since it was publicly released. Rudi Juliani, former Trump's lawyer and former mayor of York City, was on hand on Thursday to help the opening bell ringing on the New York Stock Exchange alongside other news supporters.
