US: Wall Street opens sharply lower as Trump tariffs trigger recession fears

[NEW YORK] Wall Street’s major indexes plunged on Thursday (Apr 3), as President Donald Trump’s sweeping tariffs on major trade partners ignited fears of an all-out trade war and heightened the risk of a global economic recession.

At 09.30 am the Dow Jones Industrial Average fell 1,111.20 points, or 2.66 per cent, to 41,103.63, the S&P 500 lost 188.27 points, or 3.32 per cent, to 5,482.70 and the Nasdaq Composite lost 789.63 points, or 4.50 per cent, to 16,811.42. REUTERS