Stocks soared then fell flat Tuesday as investors digested the latest developments in President Donald Trump’s “Liberation Day” trade war, failing to sustain a recovery from historically bad losses over the last week even as China, the world’s second-largest economy, threatens to “fight to the end” with the U.S. over the soaring import duties.

President Donald Trump’s “Liberation Day” tariffs plunged the stock market into the red Thursday, marking its worst day since the COVID-19 pandemic began in 2020. The Dow Jones Industrial Average fell nearly 4%,

U.S. stocks closed up on Wednesday ahead of President Donald Trump's announcement of sweeping tariffs, which the White House dubbed "Liberation Day." The Dow Jones Industrial Average climbed 230 points, or 0.5%, while the S &P 500 rose 0.6%. The tech-heavy Nasdaq increased 0.8%.

The turmoil in financial markets spread worldwide, as Trump’s challenge to world trade intensified stock losses from Hong Kong to France. Japan’s Nikkei 225 logged its biggest drop since last August.

US stocks were extremely volatile Monday as traders searched for any sign that President Donald Trump’s tariffs could be negotiated or halted.

President Donald Trump’s top economic advisers brushed off recession fears Sunday and said dozens of countries are looking to negotiate for better deals, after stocks tumbled last week following the announcement of stiff tariffs against nearly all of America’s trading partners.