New York Stock Market Rollercoaster Amid Tariff Shock: Sharp Drop → Sharp Rebound → Decline
The three major indices of the U.S. New York stock market showed extreme volatility, plunging sharply after the mutual tariff shock by U.S. President Donald Trump, then sharply rebounding, and falling again.
As of 10:24 a.m. in the New York stock market on that day, the Dow Jones Industrial Average (Dow Index), centered on blue-chip stocks, was trading at 37,664.59, down 650.27 points (1.7%) from the previous trading day. The S&P 500 Index, focused on large-cap stocks, was down 59.09 points (1.16%) at 5,014.99, and the Nasdaq Index, centered on technology stocks, slipped 103.14 points (0.66%) to 15,484.64.
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On that day, ABC News reported that companies are preparing legal responses to President Trump's mutual tariff measures.
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