New Delhi, March 14 -- Hit by fears of a deeper trade war and its economic fallout, as well as a potential US government shutdown by the weekend, major Wall Street indices- the S&P 500 and the Nasdaq- crashed up to 2 per cent on Thursday, March 13.

Optimism over cooler-than-expected US Consumer Price Index (CPI) data, which lifted the key indices on March 12, faded away quickly. The US stock market resumed its downward march after President Donald Trump on Thursday threatened to impose 200 per cent tariffs on wine and other alcoholic products from France and other European Union countries.

The S&P 500 index ended with a cut of 1.39 per cent at 5,521.52, while the tech-heavy Nasdaq lost 1.96 per cent to close at 17,303.01.

With this, th...