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US stock market has slipped into its worst crisis since Covid as bear market fear sets in Wall Street investors. Nasdaq composite dropped 5.8 per cent, Dow Jones Industrial Average plunged 5.5 per cent, and S&P 500 fell 6 per cent. The losses came after China matched President Donald Trump’s big raise in tariffs announced earlier this week. Not even a better-than-expected report on the U.S. job market was enough to stop worries about the escalating trade war possibly causing a recession. The head of the Federal Reserve also warned about how tariffs can push up on inflation. On Friday, S&P 500 fell 322.44 points to 5,074.08, Dow Jones Industrial Average dropped 2,231.07 points to 38,314.86, and Nasdaq composite sank 962.82 points to 15,587.79. Russell 2000 index of smaller companies fell 83.51 points, or 4.4 per cent, to 1,827.03. For the week, S&P 500 is down 506.86 points, or 9.1 per cent, Dow is down 3,269.04 points, or 7.9 per cent, Nasdaq is down 1,735.20 points, or 10 per cent, and Russell 2000 is down 196.24 points, or 9.7 per cent. For the year, S&P 500 is down 807.55 points, or 13.7 per cent, Dow is down 4,229.36 points, or 9.9 per cent, Nasdaq is down 3,723.01 points, or 19.3 per cent, and Russell 2000 is down 403.13 points, or 18.1 per cent.

Mint explains.A report by US security research firm Soufan Center underlined that the US Department of War (formerly Department of Defense) used Anthropic’s Claude, embedded in Palantir’s battlefield intelligence suite Maven Smart System, to identify sharp targets during its strikes on Iran, called Operation Epic Fury. The uses also included simulating battlefield situations and strategies.

OpenAI, the creator of foundational artificial intelligence behind ChatGPT, announced on Friday that it has signed a deal with the Pentagon. It allows the US department of war (DoW), formerly the department of defense, to use the Sam Altman-led company's models in classified environments.That has raised eyebrows and questions over the use of the OpenAI technology stack in India, among the largest markets for AI and the fastest adopter of the technology worldwide.

Subscribe to enjoy similar stories. Buy the dip? For most of the past week, that referred almost entirely to the salsa, guacamole, and blue cheese dressing for Super Bowl snacks. For stocks, cryptocurrencies, precious metals, and other risky assets, investors were more inclined to sell first and ask questions later.

Subscribe to enjoy similar stories. To quote Yogi Berra, it’s déjà vu all over again. Fears about tariffs are now roiling the stock market, just as they did early in 2025.

Subscribe to enjoy similar stories. Tech stocks retreated Wednesday, with declines in Nvidia and other chip companies dragging the Nasdaq composite to its worst day in almost a month. Driving the moves: concerns about high valuations and additional regulation.

Subscribe to enjoy similar stories. Investors are finally showing love to companies outside of the tech sector. Growing economic optimism, along with a more cautious view of the artificial-intelligence build-out, is prompting a major “rotation trade" on Wall Street, with investors selling technology stocks and buying up the shares of most every other type of business.

Subscribe to enjoy similar stories. Silver prices are surging to multiyear highs, but they are also flashing a warning signal for silver investors. The price of silver as tracked by the iShares Silver Trust closed at $59.32 on Thursday, which is 22.6% higher than its 50-day moving average.

Nasdaq investors can expect another week of potential tariff turmoil as Wall Street witnessed the worst week since the onset of the coronavirus crisis five years ago, as per a report. More volatility could be in store ahead of the April 9 deadline Trump set for his reciprocal global tariffs to take effect, after his Wednesday announcement of the levies sent markets into a tailspin, raising fears of a global recession, Reuters reported. The benchmark S&P 500 lodged its biggest weekly drop since March 2020 and the Nasdaq Composite on Friday ended down more than 20 per cent from its December record high, confirming the tech heavy index is in a bear market. The Dow Jones Industrial Average finished the week down well over 10 per cent from its December record high, marking a correction for the blue-chip index, as per the report. Investors will look for signs the stock market may be close to at least a short-term bottom after Trump's tariffs rocked global asset prices this week, Reuters reported. One sign of gloom: The Cboe Volatility Index, an options-based measure of investor anxiety, registered its highest closing level since April 2020. Bearish sentiment in the American Association of Individual Investors survey reached 61.9 per cent, its highest reading since 2009 during the financial crisis.

US stock market has plunged this week as S&P 500, Dow Jones, and Nasdaq numbers were red. However, there are some Wall Street stocks that performed well. While, big tech stocks, specialty retailers, travel and energy companies took sizeable losses. Companies that focus on food, health care and other necessities gained ground or held relatively stable. Many investors in search of safer places to put their money shifted their focus to companies that tend to hold up during economic slowdowns and recessions. They figured that Americans still need health care, basic necessities such as food, soap and toilet paper, and electricity to power their homes. Plus the occasional alcoholic or carbonated beverage. Here are some companies that have managed to post gains or minimal losses for the week: Food Food makers, grocery stores, and restaurants all expect to feel an impact from higher costs on imported products. Food, especially at grocery stores, is among the many expenses that can't be completely cut out of a budget and will likely be grudgingly absorbed by people.

US stock market has started witnessing a chaos. President Donald Trump's big raise in tariffs has triggered an escalating trade war and sent global markets plummeting. The S&P 500 fell 6 per cent on Friday, the Dow Jones Industrial Average plunged 5.5 per cent and the Nasdaq composite dropped 5.8 per cent. Wall Street went into free fall, following similar collapses in Asia and Europe. For a second straight day, markets plunged, wiping vast sums off investment and retirement portfolios alike. US Federal Reserve Chairman Jerome Powell warned the tariffs were likely to spur «higher inflation and lower growth», as per an AFP report. Losses in US financial markets were estimated at more than $6 trillion since Trump unveiled his «Liberation Day» tariffs. Trump, who unveiled his barrage of import duties against dozens of countries Wednesday, was unrepentant, posting that «my policies will never change,» AFP reported. «This is a great time to get rich,» he wrote.

The worldwide sell-off for financial markets slammed into a higher, scarier gear

trade war spurred the biggest losses since the pandemic. The Dow Jones Industrial Average, S&P 500 and the Nasdaq Composite posted their largest two-day declines since the emerging coronavirus caused global panic during U.S. President Donald Trump's first term. For Thursday and Friday, the Dow was down 9.3%, the S&P 500 10.5% and the Nasdaq 11.4%.

At the centre of the storm was Meta CEO Mark Zuckerberg, who lost a staggering $17.9 billion in a single day. The tech mogul now stands at $189 billion in total wealth, down $18.6 billion in 2025 alone, according to the Bloomberg Billionaire Index. Amazon founder Jeff Bezos came in close behind, shedding $15.9 billion. Elon Musk, Tesla chief and a close Trump ally through his advisory roles and links to the Department of Government Efficiency (DOGE), was third on the list. He saw $11 billion wiped off his wealth overnight, bringing his total losses for 2025 to over $110 billion. “This is not just a tech correction. It’s a direct consequence of aggressive policy moves that are shaking investor trust,” said David Bahnsen, Chief Investment Officer at The Bahnsen Group, speaking to Reuters.

trade war fears rage on. Dow Jones futures are down as much as 3%, while Nasdaq is on track to fall another 3%. This came after China pledged additional tariffs on US goods in retaliation to Trump's reciprocal levies. US stocks fell sharply on Thursday too with S&P 500 plunging nearly 5%, its largest one-day percentage decline since June 2020.

The S&P 500 ended down almost 5% after U.S. President Donald Trump's sweeping tariffs ignited fears of an all-out trade war and a global economic recession.

Donald Trump presented a rosy assessment after the stock market dropped sharply Thursday over his tariffs, saying, «I think it's going very well.» «The markets are going to boom, the stock is going to boom, the country is going to boom,» he said when asked about the market as he left the White House to fly to one of his Florida golf clubs. The Dow Jones Industrial Average plunged over 1,600 points on Thursday, leading a global market selloff after President Trump’s sweeping tariff announcement triggered the sharpest shock since the COVID-19 pandemic. On Wednesday, Trump unveiled a minimum 10% tariff on imports, with significantly higher rates for goods from specific countries like China and members of the European Union. While the move rattled markets worldwide, Trump downplayed the reaction, saying it was expected. Comparing the U.S. to a sick patient needing surgery, he responded to questions about the worst stock market drop in years.

Wall Street opened to an ocean of red as 10 stocks fell for each that rose, reported Daily Mail. By midday, the S&P 500 lost 4.37%, the Nasdaq declined by 5.59%, and the Dow Jones fell by 3.74%, sending all three major indexes on their way to their worst day since the pandemic, Daily Mail reported. For ordinary Americans, this market decline is not just a business news story, it's a personal hit to their retirement funds, such as 401(k)s, that depend on the market, according to the report. The massive decline in stock prices has erased trillions from the US stocks, Daily Mail reported.

commodity markets, causing widespread sell-off. Brent crude futures were trading at $69.98 per bblm falling by $4.97 or 6.63% in the day's trade while WTI contracts sinked over 7% on Comex to hit levels of $66.55, a correction of $5.16 per bbl.

The two benchmarks also suffered heavily in March, recording their biggest monthly percentage drops since December 2022, as President Donald Trump rolled out a swathe of new tariffs which raised fears of a global trade war that would hurt economic growth and spur inflation.

Subscribe to enjoy similar stories. Anthropic scored a win this week after a U.S. court denied an injunction that Universal Music Group and other record labels had sought to prevent the artificial-intelligence company from using copyrighted lyrics to train its AI models.