US stock market today: Wall Street titanic is sinking as S&P 500, Dow Jones, Nasdaq crash

US Stock Market indexes -- S&P 500, Dow Jones, and Nasdaq composite -- on Monday tanked as the Wall Street is sinking again, following other global markets lower. This comes even as worries deepen about whether President Donald Trump's trade war will torpedo the global economy.

The S&P 500 was down 3.8 per cent in early trading on Monday, coming off its worst week since COVID began crashing the global economy in March 2020. The Dow Jones Industrial Average was down 1,200 points, and the Nasdaq composite was 4 per cent lower.

The global stocks meltdown continued at Wall Street's open on Monday as U.S. President Donald Trump showed no sign of backing away from his sweeping tariff plans, and investors bet the mounting risk of recession could see the Federal Reserve cutting interest rates as early as May.


Stocks in Hong Kong plunged 13.2 per cent for their worst day since 1997. A barrel of benchmark US crude oil briefly dropped below $60 for the first time since 2021.

Japan's blue-chip Nikkei slid almost 8 per cent, European shares were down 6 per cent, U.S. Treasury yields fell and the VIX stocks volatility gauge jumped to its highest since August.

President Donald Trump remained defiant on Monday as global markets continued plunging and fears of a recession grew after his tariff announcement last week. “Be Strong, Courageous, and Patient, and GREATNESS will be the result!” he wrote on Truth Social, his social media platform.

Trump accused other countries of “taking advantage of the Good OL’ USA!” on international trade and said “our past ‘leaders’ are to blame for allowing this.”

FAQs

Q1. What are key indexes of US Stock Market?
A1. US Stock Market indexes are S&P 500, Dow Jones, and Nasdaq composite.

Q2. What about global stocks meltdown?
A2. Stocks in Hong Kong plunged 13.2 per cent for their worst day since 1997. A barrel of benchmark US crude oil briefly dropped below $60 for the first time since 2021. Japan's blue-chip Nikkei slid almost 8 per cent, European shares were down 6 per cent, U.S. Treasury yields fell and the VIX stocks volatility gauge jumped to its highest since August.