India, April 3 -- Stocks plummeted during trading on Thursday amid concerns about a global trade war following President Donald Trump's tariff announcement. The sell-off dragged the Nasdaq and the S&P 500 down to their lowest levels since last August, while the Dow slumped to a nearly seven-month closing low.
The major averages saw further downside going into the close, ending the session near their worst levels of the day. The Nasdaq plummeted 1,050.44 points or 6.0 percent to 16,550.61, the S&P 500 plunged 274.45 points or 4.8 percent to 5,396.52 and the Dow tumbled 1,696.39 points or 4.0 percent to 40,545.93.
The nosedive on Wall Street came after Trump delivered a highly anticipated speech on Wednesday outlining his plan to impose swe...