Dow Jones drops another 1,000 points as stock market extends slide
CBSN
Stocks in the U.S. opened sharply lower on Friday, extending a slide from the previous trading session triggered by President Trump's announcement of sweeping new tariffs on U.S. imports earlier this week.
The S&P 500 fell 144 points, or 2.5%, to 5,252 as of 9:34 a.m. EST. The Dow Jones Industrial Average tumbled 1,006 points, or 2.5%, and the Nasdaq Composite slid 3.1%.
The indexes' free-fall Thursday was their biggest one-day drop since 2020, with more than $2 trillion in investor wealth erased from the S&P 500. The S&P 500 and Dow each sank more than 4% yesterday, while the tech-heavy Nasdaq plunged nearly 6%.
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Consumer sentiment fell sharply in April, marking the fourth consecutive month of declines, as an intensifying trade war fueled anxiety over American jobs and rising inflation.
The 27th meeting of the roughly 50-country group coordinating aid for Ukraine gathered Friday at NATO headquarters without Defense Secretary Pete Hegseth in the room. He opted to participate virtually, marking the first in-person gathering without the presence of the U.S. defense secretary.
Public officials in 16 states and the District of Columbia sued the Trump administration Thursday to restore access to pandemic relief aid for schools, saying the Education Department's abrupt halt of hundreds of millions of dollars of promised funding will force cuts to vital services.
Washington — A federal judge extended a deadline for the Justice Department to share any steps it's taken or intends to take to return a Maryland man mistakenly deported to El Salvador.
The U.S. military removed the commander of a U.S. military base in Greenland on Thursday, a Space Force spokesperson confirmed, two weeks after Vice President JD Vance visited the installation amid President Trump's push to take over the Danish-controlled island.
For China, soaring U.S. tariffs are "a joke," as Chinese officials put it Friday, while sharply hiking levies on American imports. Investors aren't laughing.
Iran is seeking a "real and fair" agreement with the United States on its nuclear program, a senior aide to supreme leader Ayatollah Ali Khamenei said Friday, ahead of talks over the weekend.
The nation's top health agency will undertake a "massive testing and research effort" to determine the cause of autism, Health and Human Services Secretary Robert F. Kennedy Jr. announced Thursday.
Egg prices remain costly ahead of the Easter holiday. But that isn't stopping families from dyeing eggs this year, continuing an Easter tradition.
The Trump administration's volley of tariffs has U.S. companies scrambling for ways to absorb — and if possible avoid — the added business costs.
A suspect has been apprehended after targeted shootings at a Georgia Walmart and an area home left two dead and one injured, authorities said Friday.
President Donald Trump's firings at the Department of Health and Human Services included the entire office that sets federal poverty guidelines, which determine whether tens of millions of Americans are eligible for health programs such as Medicaid, food assistance, child care, and other services, former staff said.
Reginald Reed Jr., known as Reggie, spent more than two decades wondering who killed his mother, Selonia Reed, when he was only 6 years old. Selonia, a bank teller, was 26 when her body was found in her car in Hammond, Louisiana.