U.S. Stocks Fall, Wiping Out More Than $3 Trillion in Market Value

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• 00:03

  US stocks plunge, losing more than $3 trillion in market value.

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  Plus why?

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  Amid a market sell off, investors are turning to consumer staple stocks.

• 00:13

  And what a weaker dollar means for the US Economic future.

• 00:17

  What investors are realizing today is that the growth prospects of the U.S.

• 00:22

  are deteriorating.

• 00:24

  It's Thursday, April 3rd.

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  I'm Alex Osola for the Wall Street Journal.

• 00:28

  This is the PM edition of what's News.

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  The top headline stories that move the world today.

• 00:39

  US Stocks have suffered their biggest single day wipeout in market value

• 00:43

  since the COVID route in March 2020.

• 00:45

  Dozens of household name stocks posted double digit declines including hp, Nike and Target.

• 00:51

  The US Dollar sank.

• 00:53

  Oil and gold both fell and investors dashed for the safety of Treasuries.

• 00:57

  The decline sets up financial markets for one of their most precarious periods in recent years as the tariffs and the international reaction test the faith investors used to stick with stocks.

• 01:09

  The Dow fell more than 1600 points, or about 4%.

• 01:13

  The S&P 500 slid about 5%.

• 01:16

  And the Nasdaq was down more than 1000 points, ending the day roughly 6% lower.

• 01:21

  All in all, US stocks have lost roughly $3.1 trillion in market value.

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