U.S. stock markets started off trading Thursday by taking a significant tumble after President Donald Trump announced worldwide tariffs that will likely be met with retaliatory measures from countries around the globe.
Both the S&P 500 and the Dow Jones Industrial Average opened about 3% lower than their closing values on Wednesday. As of early Thursday morning, the S&P 500 had lost about 6% of its value over the last month, while the Dow Jones Industrial Average had decreased by about 5% during the same period.
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