U.S. stocks plunged for a second consecutive day as investor anxiety mounted over sweeping tariffs announced by President Trump. The S&P 500 dropped 5.97%, the Dow fell 2,231 points (5.5%), and the Nasdaq slid 5.8%, entering bear territory. The two-day market loss of $6.4 trillion surpasses records from March 2020.
Tech and media giants including Apple, Disney, and Netflix led declines. Trump’s tariffs, effective April 9, target all imports, with steep rates on Chinese and Asian goods. China condemned the move as “bullying.” Analysts warn of recession risks and reduced consumer spending.
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