New Delhi, April 3 -- Wall Street stock indices plummeted on Thursday following President Donald Trump's sweeping 'Liberation Day' tariffs on US trading partners.

At 12:58 PM EDT, the S&P 500 was down 3.84%, the Dow Jones Industrial Average was down 3.07%, and the Nasdaq Composite was 5% lower.

At 11:32 AM EDT, the S&P 500 was down 4.07%, the Dow Jones Industrial Average was down 3.41%, and the Nasdaq Composite was 5.21% lower.

As of 9:32 a.m. Eastern time, the S&P 500 was down 3.3%, the Dow Jones Industrial Average was down 2.7%, and the Nasdaq Composite was 4.5% lower.

Investors were fretting that the US economy will end up worse off from President Trump's trade war.

Trump's tariff plan on Wednesday came much harder than expected, ...