US stock market crashes today as trade war fears return — Dow falls 480 points, S&P 500 drops 0.8%, Nasdaq plunges 1.7% as Trump threatens “massive” China tariffs; rare earth stocks soar
US stocks tumbled Friday. President Trump threatened a "massive increase" in tariffs on Chinese goods. The Dow fell 1.05%, the S&P 500 dropped 0.8%, and Nasdaq slid nearly 2%. The move came after China tightened export controls on rare earth minerals. Tech and China-linked stocks led losses. Rare earth stocks surged. Consumer sentiment remains weak amid the US government shutdown. The market faces uncertainty ahead of next weeks earnings season.
US stocks tumbled Friday. President Trump threatened a "massive increase" in tariffs on Chinese goods. The Dow fell 1.05%, the S&P 500 dropped 0.8%, and Nasdaq slid nearly 2%. The move came after China tightened export controls on rare earth minerals. Tech and China-linked stocks led losses. Rare earth stocks surged. Consumer sentiment remains weak amid the US government shutdown. The market faces uncertainty ahead of next weeks earnings season.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
