By WSJ Staff
The Trump administration's tougher-than-expected tariff plan sent investors out of stocks and into "haven" assets such as government bonds and the Japanese yen.
The tariff blitz is expected to dent economic growth globally, analysts said Thursday. The U.S. itself is unlikely to emerge unscathed.
In recent trading:
-- U.S. stock futures slid. Contracts tied to the S&P 500 and Nasdaq-100 fell about 3% or more. If those losses hold through the open, that puts the S&P 500 within striking distance of correction territory, meaning a 10% drop from its record close in February.
-- Global stock markets careened. Among the hardest hit: Japan, benchmark index, which fell 2.8%. Elsewhere, Hong Kong's Hang Seng and the Stoxx Europe 600 lost more than 1%.
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(END) Dow Jones Newswires
April 03, 2025 04:53 ET (08:53 GMT)
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