US stocks were battered by a sell-off Friday after China retaliated against the United States for President Donald Trump’s tariffs in a tit-for-tat that escalates a global trade war.

The Dow plunged by 1,950 points Friday afternoon, or 4.82%, pulling back slightly after being down more than 2,000 points. The broader S&P 500 was 5.4% lower. The tech-heavy Nasdaq Composite was 5.36% lower and on track to close in a bear market — down more than 20% from its record high in December.

  • ℍ𝕂-𝟞𝟝@sopuli.xyzEnglish
    3·
    23 hours ago

    europeans are facing the collapse of security structures and the need for huge arms investments

    I’m actually hopeful it will spark a New Deal like situation and result in more and better jobs. Also, a lot of the military readiness stuff is dual use, for example the biggest hurdle for military readiness against Russia seems to be the terrible state of German railways.