Trump Tariff Woes: Nike, Apple Lead $2 Trillion Wipe Out; Dow Jones Slumps Over 1,600 Points

The broader index, S&P 500, was trading 3.7% lower at 5,461.12, while the Dow Jones Industrial Average slumped 1,330.36 points, or 3.15%, to 41,017.54 at 11:43 a.m. EST.