Stocks tumbled to start the day on Thursday as markets reacted to President Donald Trump’s plans for steep global tariffs.
The Dow Jones Industrial Average sank 1,534 points, or 3.6% in Thursday morning trading. The S&P 500 slid 4.3%. The Nasdaq Composite fell 5.5%.
The yield on the 2-year Treasury note dropped to 3.74%. The 10-year yield was down to 4.02%.