The S&P 500 Index ($SPX) (SPY) Thursday closed down -1.39%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.30%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.89%. March E-mini S&P futures (ESH25) are down -1.16%, and March E-mini Nasdaq futures (NQH25) are down -1.56%.
Stock indexes fell Thursday, with the S&P 500, the Dow Jones Industrials, and the Nasdaq 100 falling to 6-month lows. Signs of escalating trade tensions sparked a risk-off sentiment that hammered stock prices. President Trump threatened to enact a 200% tariff on European wine, champagne, and other alcoholic beverages if the EU doesn’t repeal a tax on US whiskey. Losses in stocks accelerated Thursday after President Trump said he would not repeal tariffs on steel and aluminum that took effect this week nor back off on plans for sweeping reciprocal tariffs set to start on April 2.
