Wall Street opens sharply lower as Trump tariffs trigger recession fears

Wall Street's major indexes plunged on Thursday, as President Donald Trump's sweeping tariffs on major trade partners ignited fears of an all-out trade war and heightened the risk of a global economic recession.

At 09:30 a.m. the Dow Jones Industrial Average fell 1,111.20 points, or 2.66 percent, to 41,103.63, the S&P 500 lost 188.27 points, or 3.32 percent, to 5,482.70 and the Nasdaq Composite lost 789.63 points, or 4.50 percent, to 16,811.42.

REUTERS