Wall Street Suffers Biggest Drop In Six Weeks

U.S. stocks dropped on Thursday, with each of the major Wall Street indexes suffering its biggest one-day percentage drop in six weeks, on the heels of an action by President Donald Trump to impose tariffs on up to $60 billion of Chinese imports. The Dow Jones Industrial Average fell 723.45 points, the S&P 500 lost 68.23 points, and the Nasdaq Composite dropped 178.61 points.