The Dow Jones Industrial Average plummeted over 1,000 points, a 2.5% decline, closing at 39,593.66.The S&P 500 fell by 3.46% to end at 5,268.05, while the Nasdaq Composite dropped 4.31%, closing at 15,587.79.President Donald Trump’s decision to increase tariffs on Chinese imports to 145% intensified trade tensions, contributing to the market volatility.Technology and airline sectors were among the hardest hit, with stocks like Tesla and Nvidia declining significantly.