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BREAKING US STOCK MARKET NEWS
By ME-P Staff Reporters
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Stocks in the U.S. opened sharply lower on Friday, extending a slide from the previous trading session triggered by President Trump’s announcement of sweeping new tariffs on U.S. imports earlier this week.
The S&P 500 fell 144 points, or 2.5%, to 5,252 as of 9:34 a.m. EST. The Dow Jones Industrial Average tumbled 1,006 points, or 2.5%, and the NASDAQ Composite slid 3.1%.
The indexes’ free-fall Thursday was their biggest one-day drop since 2020, with more than $2 trillion in investor wealth erased from the S&P 500. The S&P 500 and Dow each sank more than 4% yesterday, while the tech-heavy NASDAQ plunged nearly 6%.
NOTE: Drops of this magnitude aren’t unheard of on Wall Street, but they’re rare. Over the last 25 years, the S&P 500 has fallen 4% in a single day 38 times, according to Adam Turnquist, chief technical strategist for brokerage firm LPL Financial.
UPDATE: [1:06pm EST]
DJIA 38,962.49 -1,583.44 (-3.91%)
NASDAQ 15,779.20 -771.41 (-4.66%)
S&P 500 5,148.70 -247.82 (-4.59%)
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Filed under: "Ask-an-Advisor", Breaking News, Experts Invited, Investing, Portfolio Management, Touring with Marcinko | Tagged: Adam Turnquist, DJIA, DOW, LPL Financial, Marcinko, markets fall, markets plunge, NASDAQ, S&P 500, stocks fall, stocks plunge |
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