Stock market today: Dow slides 1,000 points, Nasdaq, S&P 500 clobbered as stocks resume Trump tariff sell-off

Source: Yahoo Finance

US stocks got crushed on Thursday, pulling back from the previous day's historic rally amid concerns that President Trump's broad trade offensive has become a direct confrontation with China.

The S&P 500 (GSPC) dropped almost 3.5%, while the tech-heavy Nasdaq Composite (IXIC) tumbled 4.3%. The Dow Jones Industrial Average (^DJI) fell about 1,000 points, or 2.5%. The 10-year Treasury yield (^TNX), in high focus amid bond market whiplash, ended the day flat around 4.39%.

The major averages sank to session lows after the White House confirmed updated tariff figures released on Thursday brings the total increased levies on Chinese goods to 145%, not 125% as previously stated.

Wall Street has been weighing Trump's remarkable escalation in the US trade battle with China while pausing levies on many US trading partners.

Read more: https://finance.yahoo.com/news/live/stock-market-today-dow-slides-1000-points-nasdaq-sp-500-clobbered-as-stocks-resume-trump-tariff-sell-off-200325498.html