US stock markets crash: Dow Jones plummets, S&P 500 down 4% as Donald Trump tariffs, recession fears loom large
[ad_1] Trump has his stance regarding trade deficit reduction with partner nations, indicating he would not negotiate unless this issue was addressed. US stock markets joined the global market selloff on Monday, with S&P 500 opening 3.2% lower. At 9:38 AM GMT, S&P 500 was trading at 4,870.94, down 203 points or 4%. Nasdaq was at 14,894.10, down 694 points or 4.45%. S&P 500 saw its poorest performance since the COVID-induced economic crisis in March 2020. The Dow Jones Industrial Average declined by 1,200 points.Stock markets around the world are bleeding due to US President Donald Trump's reciprocal tariffs announcement, which has stoked fears of a global recession, including in the US.Ahead of the US stock market opening, Trump asked people not to be weak. "The United States has a chance to do something that should have been done decades […]