President Donald Trump’s sweeping new tariffs sent the stock market plummeting to its worst day since March 2020, but he thinks things are “going very well.”
“The markets are going to boom, the stock is going to boom, the country is going to boom, and the rest of the world wants to see, is there any way they can make a deal?” Trump told reporters at the White House Thursday afternoon before flying out to Florida for a golf weekend.
Stocks lost about $3 trillion in market value in the largest one-day selloff since the COVID pandemic. The S&P 500 closed in correction territory, down 5 percent. The Dow Jones Industrial Average dropped 1,679 points or 4 percent, and the tech-heavy Nasdaq Composite tumbled 6 percent, dragged down by steep falls in Nvidia, Apple, and Amazon stocks.
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