NEW YORK, April 8 (Xinhua) -- U.S. stocks closed sharply lower on Tuesday, after the White House confirmed plans to move forward with a dramatic increase in tariffs on Chinese goods.
The Dow Jones Industrial Average dropped 320.01 points, or 0.84 percent, to close at 37,645.59. The S&P 500 fell 79.48 points, or 1.57 percent, to 4,982.77, narrowly avoiding a bear market. The tech-heavy Nasdaq Composite plunged 335.35 points, or 2.15 percent, to 15,267.91.
