Wall Street Sell-off Hits New Low
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US Politics
Wall Street tumbles to its first 'correction' since 2023 amid Trump's escalating trade war

78% Informative
The Dow Jones Industrial Average dropped 537 points, or 1.3 percent Thursday , and the Nasdaq composite fell 2 percent .
The S&P 500’s 1.4 percent slide sent the index to its first correction since 2023 .
The losses came after Trump upped the stakes in his trade war by threatening huge taxes on European wines and alcohol.
The S&P 500 lost 77.78 points to 5,521.52 .
The Dow Jones Industrial Average dropped 537.36 to 40,813.57 .
The Nasdaq composite sank 345.44 to 17,303.01.
In the bond market, Treasury yields lost an early gain to sink lower.
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