Dow crashes more than 2000 points; negative opening for Indian stock market

US President Donald Trump’s reciprocal tariff announcements have triggered a massive sell-off across Wall Street. The US benchmark indices fell on Friday. The Dow, S&P 500, and Nasdaq hit their lows with Dow Jones Plunging Over 2,000 points, S&P 500 witnessing its worst two-day sell-off since March 2020 and Nasdaq has entered into bear market territory. This two-day meltdown has resulted in the loss of over $5 trillion in market value with Friday's sell-off Dow Jones is now just 700 points away from its 52 weak low. The 10-year yields slid to three basis points to 3.99% due to market fall and uncertainty in investors' minds which shifted more cash flows to bonds rather than equity markets. Whereas Donald Trump has referred to 2 April 2025 as a liberation day for the United States because Trump sees these tariffs will reform the U.S. economy.