U.S. markets tumbled sharply Thursday morning, reversing the dramatic upswing sparked by President Trump’s declaration of a three-month halt on most import tariffs.
By 10 a.m. Eastern Time, the Dow Jones Industrial Average had shed 836 points, a 2.1% drop, after an extraordinary leap of 2,962.86 points the day before — the biggest single-day point increase on record.
Meanwhile, the S&P 500 and Nasdaq 100 also turned negative, retreating 2.7% and 3.3% respectively in the wake of Wednesday’s monumental rally.
The previous day saw Wall Street reach new heights, with the S&P 500 surging more than 9%, marking its third-largest daily percentage rise since World War II, and the Nasdaq Composite experiencing its second-strongest session in history.
{Matzav.com}