Global stocks fell sharply after President Trump announced new tariffs on countries including Japan and South Korea, sparking fears of escalating trade tensions. The Dow Jones Industrial Average slid over 400 points on Monday as investors reacted to the surprising move against key U.S. allies.

U.S. stocks took a downturn as Wall Street’s momentum cooled, signaling a pause in the recent rally. The S&P 500 fell 0.6% on Wednesday, and the Dow Jones Industrial Average dipped 244 points, reflecting a shift after nearing all-time highs.

Wall Street faced a significant downturn on Wednesday as rising Treasury yields, fueled by concerns over the U.S. government’s growing debt, pressured major stock indices.

U.S. stocks took a significant hit as global investors grow wary due to President Trump’s trade war and criticism of the Federal Reserve. The S&P 500 fell 2.4% on Monday, now standing 16% below its record high set two months ago.

Global stocks took a surprising downturn after President Donald Trump announced a 90-day reduction on tariffs for over 75 trading partners. While the European Union pauses its countermeasures to negotiate, China has escalated the trade war by increasing tariffs on U.S. goods to a staggering 145%.

Dow Futures have plunged 1,700 points as the market braces for Monday’s trading session. Investors are preparing for potential volatility at the start of the week.

U.S. stocks continued their downward spiral on Friday, deepening an already dismal week. The failure of lawmakers to pass President-elect Donald Trump’s funding plan has raised the specter of a government shutdown right before Christmas, rattling investor confidence and sending markets into a tailspin.