Pre-Market Report – Friday 4 April: US markets tank | Oil dumped, gold eases

 Stocks plummeted Thursday, sending the S&P 500 back into correction territory for its biggest one-day loss since 2020, after President Trump unveiled sweeping tariffs, raising the risk of a global trade war.

The S&P500 dropped 4.84% and settled at 5,396.52, posting its worst day since June 2020. The Dow Jones Industrial Average tumbled 1,679.39 points, or 3.98%, to close at 40,545.93 and mark its worst session since June 2020. The Nasdaq Composite plummeted 5.97% and ended at 16,550.61, registering its biggest decline since March 2020. The slide across equities was broad, with more than 400 of the S&P 500's constituents posting losses.

SPI down 93 - Gold eases slightly - AUD firms - Oil dumped on OPEC + moves.

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