NEW YORK — A monthslong calm on Wall Street shattered Friday, and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs much higher on China.
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A monthslong calm on Wall Street shattered, and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs higher on China
The S&P 500 sank 2.7% Friday in its worst day since April
The Dow Jones Industrial Average dropped 1.9%, and the Nasdaq composite lost 3.6%
Stocks had been on track for a slight gain in the morning, until Trump said he's considering a massive increase of tariffs on Chinese imports
The S&P 500 sank 2.7% in its worst day since April. The Dow Jones Industrial Average dropped 878 points, or 1.9%, and the Nasdaq composite fell 3.6%.
Stocks had been heading for a sli