Stock Market in the shitter. Stock market today: S&P 500 enters correction, Dow sinks 500 points amid Trump's latest

tariff threats

US stocks fell on Thursday, with the S&P 500 (^GSPC) officially entering into correction territory, as economic concerns grew and investors digested the latest inflation data, President Trump's trade offensive, and a looming US government shutdown.

The S&P 500 (^GSPC) dropped 1.4% to officially enter a correction, as it is now more than 10% off its February record high. The tech-heavy Nasdaq Composite (^IXIC), which itself entered into a correction last week, shed nearly 2%. The Dow Jones Industrial Average (^DJI) slid 1.3%, or nearly 550 points.

Markets remain on edge after days of being whipsawed by fresh headlines. But uncertainty around Trump's tariff policy continues to grip Wall Street, and his trade war has only intensified this week.

The president has vowed to respond to tariffs planned by the EU and Canada in response to US duties on steel and aluminum imports — most notably leading off Thursday by threatening a 200% tariff on imports of EU wines and spirits. Later in the White House, he vowed that he won't "bend" in his increasingly broad trade fight.

https://finance.yahoo.com/news/live/stock-market-today-sp-500-enters-correction-dow-sinks-500-points-amid-trumps-latest-tariff-threats-200508550.html