U.S. markets crater over Trump tariffs

The three most followed stock indices in the United States reflect the
market turmoil President Trump’s on-again, off-again tariffs and
mass federal employee sackings are causing in the economy

S&P 500
Tracks 500 largest companies
listed on U.S. stock exchanges

Dec 2025 Feb Mar

6200
6100
6000
5900
5800
5700
5600
5500
5400

NOV 5
Election day

PEAK (FEB 19)
6,114.15

MAR 13
5,521.52

DOWN
9.7%
ON
PEAK

NASDAQ Composite
Tracks almost all stocks listed
on NASDAQ stock exchange

Dec 2025 Feb Mar

20500
20000
19500
19000
18500
18000
17500
17000

NOV 5
Election day

PEAK (DEC 16)
20,173.89

MAR 13
17,303.01

DOWN
14.2%
ON
PEAK

Dow Jones Industrial Average
Tracks 30 prominent companies
listed on U.S. stock exchanges

Dec 2025 Feb Mar

45500
45000
44500
44000
43500
43000
42500
42000
41500
41000
40500

NOV 5
Election day

PEAK (DEC 4)
45,014.04

MAR 13
40,813.57

DOWN
9.3%
ON
PEAK

Sources: NYT, Yahoo! Finance
Picture: Getty
Note: Closing prices shown
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