Breaking news: S&P 500 plunges 6% as tariffs roil markets

Worries about a trade war overshadowed a positive reading about the U.S. labor market.

View in browser April 4, 2025, 4:19 p.m. ET The New York Times Trump Tariffs Send Markets Reeling Markets plunged from worries about the trade war, overshadowing some good news about the U.S. labor market. President Trump insisted that his policies were working. Follow live updates More coverage The Federal Reserve chair said the tariffs raised the risks of faster inflation and slower growth. → To President Trump, the U.S. economy is a "sick patient," and tariffs are the cure. → Here's how to protect your retirement savings as markets tumble. → Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for Breaking News from The New York Times. To stop receiving Breaking News, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. To opt out of updates and offers sent from The Athletic, submit a request. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018