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The Guardian - US

Business

Lauren Aratani in New York

S&P 500 falls more than 10% below recent high as markets rattled by Trump

Donald Trump United States Scott Bessent European Union

US flag at stock exchange — An American flag at the New York stock exchange. Photograph: Justin Lane/EPA

The S&P 500, a key US stock market index, closed in correction territory on Thursday as the volatility of Donald Trump’s trade wars rattled investors.

The index closed more than 10% down from its 19 February peak as Wall Street approaches the end of a second week of pressure.

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