US stocks tank on tariff woes with S&P 500 suffering worst day since 2020

On April 3, US stocks plummeted in response to Donald Trump’s announcement of sweeping tariffs, resulting in the Dow Jones Industrial Average dropping 4.0% to 40,545.93 and the S&P 500 closing down 4.8% at 5,396.52 – its worst day since June 2020. The Nasdaq Composite also saw a significant decline, falling 6.0% to 16,550.60, marking its largest one-day drop since March 2020 amidst the COVID-19 pandemic.

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