Trump Tax Hike Causes Bloodbath in US Stock Market, Dow Plunges Over 1000 Points

BlockBeats News, April 4th. The three major U.S. stock indexes opened low and closed lower. The Dow Jones Industrial Average preliminarily fell by about 1700 points, the S&P 500 Index dropped by 4.8%, and the Nasdaq fell by nearly 6%. Tech stocks tumbled, with Apple (AAPL.O) falling by 9%, losing approximately $300 billion in market value, while Amazon (AMZN.O) and Nvidia (NVDA.O) fell by 8.9% and 7.8% respectively. Intel (INTC.O) bucked the trend and rose by 2%. The Nasdaq Golden Dragon China Index fell by 1.9%.