Tariff Terror Grips Stock Market: Media Shares Ensnared In Second Day Of Steep Declines – Update
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deadline.comUPDATED with closing prices. U.S. stock markets went from bad to worse Friday, accelerating declines throughout the trading day to finish deeply in the red amid the shock of Donald Trump‘s tariff regime.
The Dow Jones Industrial average fell 2,231.07 points, or 5.5%, to officially enter correction territory (meaning the blue-chip index is now more than 10% below its high).
The Nasdaq and S&P 500 each plunged nearly 6%. The tech-heavy Nasdaq has fallen enough to be classified as being in a bear market, more than 20% below its high point.
One of the Nasdaq’s crown jewels, Amazon, had its worst week since 2022 and the tech giant’s nine-week streak of weekly declines is its worst since 2008.
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