U.S. stock market crash: Dow Jones falls more than 900 people dragged down by Apple (Nvidia Stocks), which will warn about trade conditions
U.S. Stock Market Crash Update: Wall Street suffered a huge loss on Wednesday, as the World Trade Organization (WTO) warned that the situation of trade and trade related to the trade organization has worsened the situation on the stage on the stage on the ground with the rising trade and trade situation in connection with the trade trade organization. The move came about about two weeks after severe trade tariffs on U.S. trading partners, including China and India, on April 2, triggering a series of Tit-Tat actions in the world's second largest economy after the United States.
The Dow Jones Industrial Average (DJIA) is one of the two major blue chip indexes, accounting for 931.2 points, or 2.3%, of intraday trade, to 39,437.8. The S&P 500 fell 175.8 points, or 3.3%, to 5,220.8 on the downside, while the U.S. technology stock Nasdaq Composite fell as low as 16,066.5, to 16,066.5, to 756.7 points, or 4.4%.
At 3:22 pm on Wednesday ET (12:55 a.m. in India Thursday), the Dow Jones Index fell by 908.01 points, 2.3% from its previous closing.
The WTO expects a 0.2% hit by the total global commodity trade this year, including Trump's decision to suspend mutual tariffs within 90 days.
What caused the market crash on Wall Street?
With Wall Street selling across the board, sales pressures are high on technology, finance and consumer discretion shares.
Among blue chip stocks, NVIDIA was last seen as below $100.7, while Apple and Amgen traded down 10.3%, while Apple and Amgen traded down 5.0%.
Feeding Chairman Jerome Powell said
The Fed chairman's comments said the U.S. economy continues to be in a solid position, which gave the Bulls some breath and helped the Dow avoid clearer losses.
He said the U.S. central bank is waiting for a clearer picture of the current economic situation before considering a change in monetary policy.
Also Read: White House Says, US-China Trade War Escalates: China is now facing our 245% tariffs.
Earlier on Wednesday, the White House revealed that China now faces tariffs on exports to the U.S. given that China restricts airlines from taking over delivery of Boeing aircraft.
Before that, China responded to the Trump administration’s decision by imposing 145% responsibility for its imports from the United States.
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