US markets record massive crash a day after Trump announces reciprocal tariffs

Stock markets in the US recorded a massive crash on Thursday, a day after US President Donald Trump announced reciprocal tariffs on dozens of countries. S&P 500 fell 3.4%, putting it on track for its worst day since September 2022. The Dow Jones Industrial Average tumbled nearly 1,400 points, or over 2%. Meanwhile, the Nasdaq Composite index fell 800 points.