what happened stock market today

Today, the US stock market experienced a significant decline driven primarily by renewed trade tensions between the US and China. President Trump announced a potential "massive increase" in tariffs on Chinese imports and threatened to impose a 100% tariff on China, which reignited fears of a trade war. This led to a sharp downturn with the Dow Jones Industrial Average falling about 1.9% (around 878 points), the S&P 500 dropping approximately 2.7%, and the Nasdaq Composite plunging around 3.6%, marking their worst single-day drops since April. The tariff threat and trade conflict caused widespread market anxiety, leading to a sell-off across various sectors. Investors are also concerned about economic growth and the impact of tariffs on corporate earnings going forward. The market's steep losses erased recent gains and resulted in the worst week for major indices in months. Americans' pessimism about the economy, including job prospects and inflation, added to the negative sentiment today.