Today's Edition
NEW YORK (dpa)
US investors reacted to the Trump administration's extensive and high import tariffs on Thursday with a large-scale sell off.
The Dow Jones Industrial Average fell 2.7% at the start of trading to 41,098 points. However, it managed to not fall below its recent mid-March low of 0,661 points. This would have marked the largestpercentage daily loss for the Dow since September 2022.
As of 10:11 am (1411 GMT) in New York it was trading at 40,687.87. down 3.64%.
Losses were even greater on the Nasdaq, which is dominated by major technology stocks. The Nasdaq 100 Index dropped 3.9% to 18,828 points, at the opening,vreaching its lowest level since September last year.
It lost additional ground by 10:13 am when it was trading at 18,713.57, down 4.43%.
The Nasdaq has now recorded a loss of more than 10% for the 2025 trading year. The S&P 500 fell 3.2% to 5,487 points, also hitting its lowest level since September 2024.
