Wall Street Tumbles Amid Tariff Turmoil

Wall Street's major indexes fell sharply on Thursday after President Trump's tariffs sparked fears of a trade war, raising the possibility of a global economic downturn. The Dow, S&P 500, and Nasdaq all saw significant losses, deepening concerns over the financial market's stability.

Wall Street faced a significant downturn on Thursday as sweeping tariffs announced by President Donald Trump ignited fears of a full-scale trade war. Analysts are increasingly concerned that these developments could trigger a global economic recession.

The opening bell at 09:30 a.m. signaled a dramatic drop in major indexes: the Dow Jones Industrial Average fell 1,111.20 points, or 2.66%, landing at 41,103.63. Similarly, the S&P 500 shed 188.27 points, or 3.32%, closing at 5,482.70, while the Nasdaq Composite declined by 789.63 points, or 4.50%, to 16,811.42.

This sharp plunge highlights rising concerns over market volatility and the potential long-term implications of trade tensions on the global economy and financial markets.

(With inputs from agencies.)