<2>Stock Market Today: Dow Dives As EU Makes Trump Tariff Move; Novo Plunges On This
<3>Global Market Reaction
The Dow Jones Industrial Average plummeted on Thursday as the European Union (EU) announced its decision to impose tariffs on U.S. goods in response to President Trump’s trade policies. The move sent shockwaves through the global market, with stocks plummeting across the board.
<4>EU Tariff Decision
The EU’s decision to impose tariffs on U.S. goods is a direct response to President Trump’s tariffs on EU steel and aluminum imports. The EU has imposed tariffs on $7.5 billion worth of U.S. goods, including bourbon whiskey, blue jeans, and motorcycles.
<5>Impact on U.S. Stocks
The Dow Jones Industrial Average plummeted 200 points on Thursday, with stocks such as Boeing and Caterpillar taking a hit. The S&P 500 also fell, with the Nasdaq composite index down 1.2%.
<6>Novo Plunges On This
Novo Nordisk, a Danish pharmaceutical company, plunged 10% on Thursday after the company announced that it would be delaying the launch of its new diabetes treatment. The company cited regulatory issues as