Wall Street’s worst crisis since COVID slammed into a higher, scarier gear. The S&P 500 plummeted 6% Friday, the Dow Jones Industrial Average plunged 5.5% and the Nasdaq composite dropped 5.8%.
The losses came after China matched President Donald Trump’s big raise in tariffs announced earlier this week.
Not even a better-than-expected report on the U.S. job market was enough to stop worries about the escalating trade war possibly causing a recession. The head of the Federal Reserve also warned about how tariffs can push up on inflation.
On Friday:
The S&P 500 fell 322.44 points, or 6%, to 5,074.08.
The Dow Jones Industrial Average fell 2,231.07 points, or 5.5%, to 38,314.86.
The Nasdaq composite fell 962.82 points, or 5.8%, to 15,587.79.
The Russell 2000 index of smaller companies fell 83.51 points, or 4.4%, to 1,827.03.
For the week:
The S&P 500 is down 506.86 points, or 9.1%.
The Dow is down 3,269.04 points, or 7.9%.
The Nasdaq is down 1,735.20 points, or 10%.
The Russell 2000 is down 196.24 points, or 9.7%.
For the year:
The S&P 500 is down 807.55 points, or 13.7%.
The Dow is down 4,229.36 points, or 9.9%.
The Nasdaq is down 3,723.01 points, or 19.3%.
The Russell 2000 is down 403.13 points, or 18.1%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
