Dow Jones Drops 1,100 Points a Day After Tariff Announcement

All three major U.S. stock indexes saw declines on Thursday morning.

A trader works on the floor of the New York Stock Exchange at the opening bell in New York City, on April 1, 2025. Charly Triballeau/AFP via Getty Images

The three major U.S. stock indexes dropped on the morning of April 3 after President Donald Trump announced sweeping tariffs of 10 percent or higher, with the Dow Jones Industrial Average plunging by approximately 1,100 points by noon.

Aside from the Dow Jones tumbling, the S&P 500 Index dropped by 3.5 percent, and the Nasdaq Composite slid by more than 4.7 percent at about 9:35 a.m. EST.