Live Update 
From the Liveblog of
Monday, April 7, 2025
From the Liveblog of
Monday, April 7, 2025
US markets tumble for 3rd day over fears Trump tariffs will torpedo global economy
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Traders work on the floor at the New York Stock Exchange in New York, Thursday, April 3, 2025. (AP/Seth Wenig)
Wall Street is sinking again, following other global markets lower, as worries deepen about whether US President Donald Trump’s trade war will torpedo the global economy.
The S&P 500 was down 3.8% in early trading, coming off its worst week since COVID began crashing the global economy in March 2020.
The Dow Jones Industrial Average was down 1,200 points, and the Nasdaq composite was 4% lower.
Stocks in Hong Kong plunged 13.2% for their worst day since 1997. A barrel of benchmark US crude oil briefly dropped below $60 for the first time since 2021.
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