Stocks Dive Even Further On Tariffs—Nasdaq Enters Bear Market, Dow's 2-Day Loss Extends To More Than 3,000 Points
1. S&P 500 fell 5%, marking the sharpest decline since 2020. 2. Tariffs from Trump and retaliatory measures from China impact investor sentiment. 3. S&P 500 down 9% since tariff announcement, entering correction territory. 4. Fed Chair Powell warns tariffs could cause inflation and slow growth. 5. 60% chance of global recession by 2025, raising market concerns.