Dow drops 1,400 points, Nasdaq set to close in bear market as Trump tariff sell-off worsens
The stock market took another pounding Friday after China retaliated with new tariffs on U.S. goods, sparking fears President Donald Trump has ignited a global trade war that will lead to a recession.The Dow Jones Industrial Average traded more than 1,400 points lower, or 3.5%. This follows a 1,679.39 point decline on Thursday. The S&P 500 slid 4% after the benchmark shed 4.84% on Thursday and is now off more than 15% off its recent high