U.S. stocks tumbled on Oct. 10 after President Donald Trump threatened a “massive increase of Tariffs on Chinese products” and suggested he might skip a planning meeting with Chinese President Xi Jinping in the coming weeks.

The broad S&P 500 fell 182.60 points, 2.7%, to close at 6,552.51, while the Dow Jones Industrial Average lost 878.82 points or 1.9%, to finish the session at 45,479.60. The tech-laden Nasdaq Composite index tumbled nearly 4%, losing 820.20 points to close at 22,204.43.

Financial markets have largely shrugged off the ongoing government shutdown, which marked its tenth day on Friday, Oct. 10, but reacted sharply to Trump’s comments , which were posted on the Truth Social online network.

“China really is our biggest trading partner and one that investors would like

See Full Page