S&P 500 Drops 6%, Dow Plunges 2,200 To Close The Worst Week Since 2020
2 weeks ago
S&P 500 drops 6% and Dow plunges 2,200 to close the worst week since 2020 after China retaliates against Trump's tariffs.
The worldwide sell-off for financial markets is slamming into a higher, scarier gear. Markets are facing their worst crisis since the COVID crash after China matched President Donald Trump’s big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide. The price of oil slid to its lowest level since 2001.
The worldwide sell-off for financial markets is slamming into a higher, scarier gear. Markets are facing their worst crisis since the COVID crash after China matched President Donald Trump’s big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide. The price of oil slid to its lowest level since 2001.
