The U.S. stock market is heading toward its worst day since 2022 following President Donald Trump’s trade tariff chaos with Canada, Mexico and other nations
The U.S. stock market is heading toward its worst day since 2022
The U.S. stock market is heading toward its worst day since 2022 (REUTERS)
Your support helps us to tell the story
Support Now
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.
The Dow Jones Industrial Average has lost more than 1,000 points as it nears one of its worst ever days and recession fears mount.
The U.S. stock market is heading toward its worst day since 2022 following President Donald Trump’s trade tariff chaos with Canada, Mexico and other nations.
Nasdaq suffered the most, tanking 4.2 percent, on course for its biggest single-day percentage drop since September 2022, Reuters reports. The S&P 500 was down as much as 3 percent in afternoon trading, coming off its worst week since September.
On the day of Trump’s reelection last November, the stock market enjoyed a boost. But now, all three major indexes are below their levels on November 5, 2024.
Trump did not rule out a recession in remarks over the weekend and said it was a “period of adjustment.”
Canada’s most populous province, Ontario, has retaliated against Trump’s tariffs by imposing a 25 percent tax on energy to three U.S. states – New York, Minnesota and Michigan.
This is a breaking story.