US Stock Market Plunge Due to Tariff Announcement
On April 3, 2025, the US stock market experienced a sharp decline following President Donald Trump's announcement of sweeping tariffs on major trade partners. The Dow Jones Industrial Average fell 2.67%, the NASDAQ dropped 4.37%, and the S&P 500 lost 3.23%. Technology stocks, including Apple and Nvidia, were hit hard due to increased vulnerability from the tariffs. Nike shares also plunged as the apparel and footwear industry faced increased costs. The announcement of tariffs led to widespread market volatility and concerns about the global economy.