The Dow Jones Industrial Average fell 623.34 points, or 2.37%, to 25,628.9, the S&P 500 lost 75.84 points, or 2.59%, to 2,847.11 and the Nasdaq Composite dropped 239.62 points, or 3%, to 7,751.77. The pan-European STOXX 600 index turned sharply lower after Trump's tweets, dropping 1% in the last half hour of trading to close down 0.78%, while MSCI's gauge of stocksacross the globe dropped 1.57%. Emerging market stocks lost 0.20%, an index of Latin American shares dropped more than 3% to close at its 2019 low and U.S. dollar-denominated Nikkei futures fell 2.0%
NEW YORK: Stocks, the dollar and oil prices fell on Friday while safe havens rose after President Donald Trump demanded U.S. companies look at alternatives to China for manufacturing, following Beijing's retaliatory tariffs on American goods.
China's Commerce Ministry said in a statement early on Friday it would impose tariffs on about $75 billion in imports from the United States including some agricultural products, crude oil and small aircraft.
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