US stock market direct updates: S&P 500 is shrinking 6% and dull 2200 points to China rates | Einsmark news

US stock market direct updates: Wall Street’s worst crisis since Covid got into a higher gear on Friday after China announced that it would impose 34 percent extra rates on all United States imports in retaliation to US President Donald Trump’s reciprocal tariff announcement. The fear of investors is rising for a possible escalation of a trade war between the United States and other countries. S&P 500 lower by 6% and Dow at 2200 The S&P 500 lost 6% after China matched President Donald Trump’s big increase in rates announced earlier this week. The move has raised the interests in a trade war that could end with a recession that hurts everyone. Not even a better -than -expected report on the US job market, which is usually the economic peak of each month, was enough to stop the slide. The drop closed the worst week for the S&P 500 since March 2020, when the pandemic ripped through the global economy. The Dow Jones industrial average dropped 2.231 points, or 5.5%, and the Nasdaq compound tumbled 5.8% to draw more than 20% below the record set in December. Trump on the Fed rate cut of US President Donald Trump is calling on the US Federal Reserve chairman to lower the most important interest rates. He quoted the low inflation and the higher work rates than the ‘perfect time’ to increase the rates in the Western people. ‘It would be a perfect time for Fed chairman Jerome Powell to lower interest rates. He is always “late”, but he can now change his image, and quickly. Energy prices are lower, interest rates are lower, inflation is lower, even eggs are 69%lower, and work is higher, within two months – a big victory for America. Reduced interest rates, Jerome and stop playing politics! ‘ Trump said in his post. According to an AP report on Friday, the United States added 2,28,000 or 2.28 lakh posts for the month of March 2025. However, the unemployment rates in the Western country rose at 4.2 percent. Zero rates from Vietnam? According to Donald Trump’s social media post on Truth Social, Lam, who is the general secretary of the Communist Party of Vietnam, said that the South Asian people should lower their rates to “zero” for the United States. “Just a very productive call with Lamb, general secretary of the Communist Party of Vietnam, who told me that Vietnam wanted to lower their rates to zero if they could make an agreement with the US, I thanked him on behalf of our country, saying I was looking forward to a meeting in the near future,” Trump said. Good time to invest? US President Donald Trump on Friday in a truthful post of investors assured that it is a ‘good time’ to invest in the US economy to get richer than ‘ever before’. “For the many investors entering the United States and investing massive amounts of money, my policy will never change. It’s a good time to get rich, richer than ever before !!!” said Trump in a post on social media. US markets Today, US benchmarks crashed on Friday. The Dow, Nasdaq and S&P 500, after beating their lows, recovered a bit before striking a fresh intraday low on April 4. The Dow Jones Industrial Average (DJIA) has expanded its intraday losses, currently more than 4 percent at 38,873 points at 12:58 p.m. (EDT). The S&P 500 index trades 4.75 percent lower at $ 5,139.96 at 13:00 (EDT). The Nasdaq composition has lost 4.96 percent and is currently trading slightly above the low margin of the intraday at 15,729.92 points. At 09:30 (EDT), the Dow Jones Industrial Average (DJIA) opened 2.45 percent lower at 39,551.47 points, compared to 40,545.93 points on the previous US market. Other US benchmarks such as the NASDAQ composition fell 2.86 percent to 16,077.44 points at the Wall Street open on Friday, compared to 16,550.61 points at the previous dissertation. The S&P 500 index also opened 2.48 percent lower at 5,262.47 points, compared to 5,396,52 points on Thursday’s US market. China tariffs On Friday, April 4, China announced that it would impose an additional 34 percent rate on all goods imported from the United States as a counter -operation to the reciprocal rates announced by President Donald Trump on April 2. “China played it wrong, they panicked – the one thing they couldn’t afford!” said US President Donald Trump in his social media post about truth company after China’s tariff announcement. According to multiple agency reports, China intends to implement the 34 percent tariff rate on all United States imports from April 10, 2025. “The purpose of the Chinese government’s implementation of export control on relevant items in accordance with the law is to better protect national security and interests, and to fulfill international obligations such as non-proliferation,” the international obligations said. China has also announced that they will exercise more control over the export of medium and heavy rare earthminerals such as Samarium, Gadolinium, terbium, dysprosium, lutetium, scandium and yttrium to the United States. US stock -disc -giant Nvidia shares dropped 7.2 percent to $ 94.46 at 10:36 pm (EDT) after the US markets opened on Friday, compared to $ 101.80 in the previous Wall Street. Nvidia shares have been given a hit as investors’ concerns are rising due to exposure in its manufacturing operations in China. The shares of Nvidia Corp traded more than 4 percent lower in the pre-market session before the stock market opened for the Western Nation. Apple shares that traded 3.8 percent in the pre-market session on Friday fell 4.72 percent to $ 193.67 after the New York stock markets opened, compared to $ 203.19 on the previous US market. Top loser businesses such as Boeing, Goldman Sachs Group, Nvidia Corp., JPMorgan & Chase, American Express Co., Caterpillar Inc., Chevron Corp., 3M Co., Apple Inc., Salesforce Inc. And Visa was one of the top losers on the Dow Jones on Friday. Virpax Pharmaceuticals, Neuron Medical Investment Corp., Sonim Technologies Inc., Medirom Healthcare Technologies Inc., Lifecore Biomedical Inc., Newgenivf Group Ltd., Quantasing Group Ltd. and Atlas Lithium Ltd., was the top rear exit on the Nasdaq composition. APA Corp., EQT Corp., GE HEALTHCARE TECHNOLOGY, FREEPORT-MCMORAN INC., was, among other things, what lost on the S&P 500 index on Friday. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.