Wall Street Cell -off: Dow Crash is about 2,100 PT, Nasdaq Tariff Downs more than 6% on fear – CNBC TV 18

Wall Street got more than 70% of the previous season’s historic rally back on Thursday, as a fresh tariff tension fulfilled the investor’s concern.

Dow Jones Industrial Average declined by 2,091 points or 5.15%, while S&P 500 fell 314 points to 5.75%. Tech-Havi Nasdac Composite leads 1,131.9 points, or 6.61%, recession.

Apple and Tesla were among the largest drugs, sliding more than 7% and 11% respectively. The NVIDIA fell more than 8%, while the meta platforms slipped more than 7%, as the emotion was sour in major technical names.

The White House confirmed CNBC International that the cumulative tariff rate on Chinese imports is now 145% – a new 125% duty with an existing 20% ​​levy, which is associated with the Phantenile crisis.

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The market collapse follows Wednesday’s explosive rally, where S&P 500 recorded its third largest single-day profit since World War II, which increased by more than 9%. President Donald Trump bounced after the announcement of a 90-day recurrence on the new tariff for most countries, leading to a temporary wave of optimism.

However, economists warn that relief may be short -lived. Michael Gapen, the chief American economist of Morgan Stanley reported by CNBC International, said, “Late helps, but do not reduce uncertainty.”