A big Downfall Seen in US Market after China's Decision. Market Bleed Continuously

The stock market continued to decline on Friday after China responded to the ongoing trade tensions by imposing new taxes on US exports. This move increased worries that President Donald Trump may have started a global trade war, which could potentially lead to a serious economic crisis.

As a result of these new developments, the stock prices continued to drop sharply, and the negative trend was seen across various financial markets. Bonds fell in countries around the world, and oil prices dropped to their lowest levels in four years. The situation worsened as China took more aggressive steps to counteract President Trump's trade policies, fueling fears about the global economy. This was happening at a time when there were signs that the labor market in the United States was still performing well, which created a mix of uncertainty and concern about the broader economic outlook.

In terms of specific stock market movements, the Dow Jones Industrial Average lost more than 1,430 points, which is a decrease of about 3.53%. The S&P 500, another key stock index, fell by 4.0%. The Nasdaq 100 index, which tracks many of the largest technology companies, dropped by more than 710 points, a decline of 3.84%. These significant losses reflected the ongoing negative impact of the trade tensions between the US and China, highlighting the growing worries about how this trade conflict might affect the broader economy.