Sharp Decline in US Equities

Equities in the United States continued their sharp descent on Friday, with the Dow Jones Industrial Average plummeting over 1,900 points. The sell-off deepened after President Donald Trump’s April 2 tariffs ignited a trade war, worsened by China’s aggressive 34% retaliatory move on all American goods announced earlier today.

Market Reactions

The Dow Jones Industrial Average plummeted by 4.63% or 1921 points at 1:18 pm ET, while the Nasdaq 100 tumbled by 5.36% or 1013 points at the same time. Meanwhile, the S&P 500 fell by 5.21% a minute later. The euro went down 1.11% against the dollar to go for 1.09300 at 1:26 pm ET.