Sharp Decline in U.S. Stock Market Indicators

U.S. major stock indexes plummeted sharply on Friday after President Donald Trump posted on the Truth Social platform that he might cancel a planned meeting with the Chinese president and was considering a “massive increase in tariffs” on Chinese products.اضافة اعلان

The Dow Jones Industrial Average fell by 878 points, dropping to 45,479 points — a decline of 1.90%.

The tech-heavy Nasdaq index dropped by 820 points to close at 22,204 points, marking a 3.56% decrease.

Meanwhile, the S&P 500 index declined by about 182 points to reach 6,552 points, a drop of 2.70%.

In addition, U.S. crude oil (West Texas Intermediate) also fell significantly, dropping to $58.81 per barrel.