Wall Street sees worst day since 2020 as markets reel from Trumps tariffs – National [Video]

Wall Street shuddered, and a level of shock unseen since COVID’s outbreak tore through financial markets worldwide Thursday on worries about the damage U.S. President Donald Trump’s newest set of tariffs could do to economies across continents, including his own.

The S&P 500 sank 4.8%, more than in major markets across Asia and Europe, for its worst day since the pandemic crashed the economy in 2020. The Dow Jones Industrial Average dropped 1,679 points, or 4%, and the Nasdaq composite tumbled 6%.

In Canada, the S&P/TSX composite index closed down 971 points, or 3.8%, as markets worried the latest round of U.S. tariffs could sink the global economy into a recession. Canadian apparel brands including Aritzia and Lululemon were among companies that saw their stock prices slide.

In stock markets abroad, indexes fell sharply worldwide. France’s CAC 40 dropped 3.3%, and Germany’s DAX lost 3% in Europe.

Japan’s Nikkei 225 sank 2.8%, …