According to reports, nearly $2 trillion had been erased from the S&P Index on Thursday during early trades amid worries that the tariffs could push the US economy into recession.

Newsmax hosts, frequent guests, and the company’s CEO rang the opening bell on Wall Street Thursday just minutes before stocks plunged amid fears of the potential impacts of President Donald Trump’s new tariff policies.

Eastern time, the S&P 500 was down 3.3%, the Dow Jones Industrial Average was down 2.7%, and the Nasdaq Composite was 4.5% lower.

U.S. stock indexes finished higher after a choppy trading session on Wednesday, falling early and then rebounding as investors made last-minute bets to position themselves ahead of U.S. President Donald Trump's sweeping tariff announcements.

Live Updates Live Coverage Updates appear automatically as they are published. How Do U.S. Tariffs Compare? 5:52 pm How will U.S. tariffs compare to other countries if the reciprocal tariffs announced today go into effect?