Dow slides and S&P enters correction territory as Trump’s trade war escalates
CNN
US stocks slid Thursday and the S&P 500 entered into correction territory, down 10% from its record high in February, as President Donald Trump threatened new tariffs on the European Union.
US stocks slid Thursday and the S&P 500 entered correction territory, down 10% from its record high in February, as President Donald Trump threatened new tariffs on the European Union. The Dow slid by 500 points, the S&P 500 fell 1.3% and the Nasdaq Composite was 1.8% lower. If the S&P closes at current levels, it will be an official market correction. Trump on Thursday threatened to impose a 200% tariff on alcoholic beverages from the European Union after the bloc on Wednesday imposed a 50% tariff on US spirits like bourbon. This is a developing story and will be updated.
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