US Stocks: Dow Drops 1,400 Points as Markets Nosedive on Trump Tariffs
Although the US stock market had been struggling for most of the year, things took a turn with the Dow (DJI) dropping a remarkable 1,400 points as the market’s nosedive followed US President Donald Trump’s ‘Liberation Day’ tariff announcement Tuesday. The president announced that the country would be adopting a bevy of import taxes to balance international trade. Moreover, the move was always poised to have a massive impact on Wall Street and the economy. Indeed, the former is proving that correct, with a host of mega-cap stocks plummeting Wednesday. Source: Reuters / Brendan McDermid Also Read: Amazon (AMZN) Expands AI Push as Stock Eyes End to 8-Week Losing Streak US Stock Market Falls: Dow Plummets and S&P 500 Loses 4% Throughout the first three months of the year, the United States had seen many of its larger companies struggle. Some of the most prominent tech firms were unable to find their footing, with companies like Tesla (TSLA) and Amazon (AMZN) boa...