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Dow slides and S&P closes in correction as Trump’s trade war escalates

The S&P 500 closed more than 10 percent below its record set last month, marking its first correction since 2023.
President Donald Trump threatened to impose 200 percent tariffs on European wines in response to European tariffs on American whiskey.
The Dow Jones Industrial Average fell 1.3 percent and the Nasdaq composite dropped 2 percent amid the market sell-off.
American businesses and households are facing decreased confidence as the lack of clarity around tariffs continues amid frequent announcements from Trump.

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Owensboro Messenger-Inquirer

Wall Street tumbles 10% below its record for first 'correction' since 2023

Wall Street’s sell-off hit a new low following President Donald Trump’s latest escalation in his trade war. The S&P 500 fell 1.4% Thursday to finish more than 10% below its record, which was set just last month. Professional investors call…

3 hours ago

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World Socialist Web Site

Trump escalates tariff war against Europe

Markets are sharply down as a result of the increasing chaos in the US economy and fears of a recession.

4 hours ago·United States

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Benzinga

QBTS, DOCU, ULTA, META, TSLA: Top 5 Trending Stocks Today - Meta Platforms (NASDAQ:META), DocuSign (NASDAQ:DOCU)

Major U.S. indices experienced turbulent sessions on Thursday, with the S&P 500 entering technical correction territory. The index fell 10% from its all-time high, rattled by escalating trade tensions and the latest tariff threats from President Donald Trump. Despite recent inflation data painting a more optimistic picture for the U.S. economy, investors remain focused on trade policy risks, worrying that escalating tariffs could undermine corpo…

5 hours ago·New York, United States

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Al Jazeera

US stock market tumbles again as Trump threatens tariffs on wine

Benchmark S&P 500 falls 1.39 percent, dragging index more than 10 percent below its February peak.

5 hours ago·Qatar

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New Strait Times

Wall Street slides as trade war escalates, S&P 500 confirms correction

NEW YORK: Wall Street ended sharply lower on Thursday and the S&P 500 confirmed it is in a correction after cool inflation data was overshadowed by fears that the escalating tariff war being waged by the United States against some of its biggest trading partners could reignite inflation and tip the economy into recession. © New Straits Times Press (M) Bhd

8 hours ago·Malaysia

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Investopedia

Markets News, March 13, 2025: Stocks Plunge Amid Political and Economic Uncertainty; S&P 500 Slides Into Correction for First Time Since 2023

Stocks closed sharply lower on Thursday after another volatile trading session as a sell-off fueled by economic and political uncertainty accelerated.

8 hours ago

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