Dow Sinks Nearly 500 Points To New 6-Month Low—As Trump Brandishes Another Set Of Tariffs
1. S&P 500 dropped 0.8% amid new tariffs, reflecting economic uncertainty. 2. Tariffs on Canadian steel and aluminum increased from 25% to 50%. 3. S&P nearing its first 10% correction since 2023, currently down 9.3%. 4. Inflation and slowed economic output predicted from new tariffs, raising recession risks. 5. Tesla and Nvidia stocks rose despite broader market declines.