Dow plunges 2,200 points, Nasdaq enters bear market

US stocks cratered on Friday with the Dow Jones Industrial Average (^DJI) plunging more than 2,200 points after China stoked trade-war fears and Fed Chair Jerome Powell warned of higher inflation and slower growth stemming from tariffs. The Dow pulled back 5.5% to enter into correction territory. Meanwhile, the S&P 500 (^GSPC) sank nearly 6%, as the broad-based benchmark capped its worst week since 2020. The tech-heavy Nasdaq Composite (^IXIC) dropped 5.8% to close in bear market territory. The major averages added to Thursday's $2.5 trillion wipeout after China said it will impose additional tariffs of 34% on all US products from April 10 — matching the extra 34% duties imposed by Trump on Wednesday. That ramped up investor worries that countries are more likely to retaliate than negotiate, leading to a protracted global trade war. Read more: The latest on Trump's tariffs Investors flocked to government bonds as the 10-year Treasury (^TNX) yield fell to 3.9%, nearing its lowest l ... Read full article.