Financial markets around the world are reeling Thursday following President Donald Trump�s latest and most severe volley of tariffs, and the U.S. stock market may be taking the worst of it. The S&P 500 was down 4% in morning trading, worse than the drops for other major stock markets. The Dow Jones Industrial Average was down 1,520 points, or 3.6%, as of 10:10 a.m. Eastern time, and the Nasdaq composite was 4.0% lower.
