<p>Wall Street's main indexes extended declines in afternoon trading on Thursday, with the benchmark SP 500 plunging more than 5 per cent as investor concerns about the economic damage from US tariff policies returned to the fore.</p>.<p>Stocks shot higher on Wednesday after US President <a href="https://www.deccanherald.com/tags/donald-trump">Donald Trump</a> declared a 90-day tariff pause for many countries but raised the levy on imports from China to 125 per cent.</p>.EU pauses countermeasures against US tariffs, von der Leyen says.<p>The pause on tariffs from dozens of trading partners came less than 24 hours after they kicked in.</p>.<p>At 12:17 p.m. ET, the Dow Jones Industrial Average fell 1,799.95 points, or 4.43%, to 38,808.24, the SP 500 lost 285.64 points, or 5.25%, to 5,170.61 and the Nasdaq Composite lost 1,045.35 points, or 6.10%, to 16,079.62. </p>
<p>Wall Street's main indexes extended declines in afternoon trading on Thursday, with the benchmark SP 500 plunging more than 5 per cent as investor concerns about the economic damage from US tariff policies returned to the fore.</p>.<p>Stocks shot higher on Wednesday after US President <a href="https://www.deccanherald.com/tags/donald-trump">Donald Trump</a> declared a 90-day tariff pause for many countries but raised the levy on imports from China to 125 per cent.</p>.EU pauses countermeasures against US tariffs, von der Leyen says.<p>The pause on tariffs from dozens of trading partners came less than 24 hours after they kicked in.</p>.<p>At 12:17 p.m. ET, the Dow Jones Industrial Average fell 1,799.95 points, or 4.43%, to 38,808.24, the SP 500 lost 285.64 points, or 5.25%, to 5,170.61 and the Nasdaq Composite lost 1,045.35 points, or 6.10%, to 16,079.62. </p>