Dow Jones plunges more than 1,000 points as stocks react to Trump tariff shock

The Dow Jones Industrial Average plunged 1,070 points, or 2.5%, to 41,156 shortly after trade opened.

The tech-heavy Nasdaq also cratered, dropping 752 points, while the broader S&P 500 sank 3.2%.

Experts warn that sharply ramping up tariffs on imports could drive up inflation, dampen spending by consumers and businesses.