The S&P 500 Index ($SPX) (SPY) today is down -1.60%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.77%. September E-mini S&P futures (ESU25) are down -1.67%, and September E-mini Nasdaq futures (NQU25) are down -1.87%.
Stock indexes are sharply lower today, with the S&P 500 and Nasdaq 100 falling to 2-week lows and the Dow Jones Industrials falling to a 5-week low. Stocks are slumping today after President Trump's sweeping import tariffs raised concern about the outlook for global economic growth. Late Thursday, Mr. Trump announced a slew of new tariffs, including a 10% global minimum and 15% or higher tariffs for countries with trade surpluses with the US. Also, Amazon.com is down more than -7% to weigh on technology stocks after it projected weaker-than-expected Q3 operating income.
