U.S. stocks fell again Thursday with the S&P 500 officially entering correction territory.
Economic jitters are on the rise amid President Trumps trade wars and a possiblegovernment shutdown.
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The Nasdaq, which itself entered a correction last week, dropped 2% today.
Donald Trump threatens 200% tariffs on EU wine and spirtsGetty Images
The Dow Jones Industrial Average fell nearly 550 points, or 1.3%.
Media and tech stocks were mostly lower with Warner Bros.
Discovery down 5% and TKO off 4%.
Netflix, Fox and Lionsgate ended down by 3%, Disney by 2%.
When they retaliate, or threaten to, he doubles down.
Canada imposed retaliatory tariffs as anti-American sentiment grows.
In more on the beverage front, several Canadian provinces have taken U.S. liquor brands off store shelves.
The president said today that, I am not going to bend at all on Canada tariffs.
Taxing imports in general will raise prices for U.S. consumers.
Uncertainty is one reason the M&A boom Wall Street had hoped for under Trump has not materialized.
Tariff talk started in earnest last month and has driven stocks lower as it continues to spiral.
But the situation is dismaying corporate America, investors and pretty much anyone who owns stocks.
But it didnt last.
The impact of tariffs wasnt reflected yet in the numbers, most believe.
And a government shutdown looms approaching a Friday deadline as Senate Democrats may block a Republican spending bill.
