The US stock market experienced significant declines as concerns over escalating tariffs between the US and China intensified. The Dow Jones Industrial Average dropped over 1,000 points, erasing substantial gains from previous trading sessions, while the Nasdaq fell nearly 4%. Investors reacted to news that China is targeting Hollywood, in addition to fears of further economic implications due to the high tariff rates, now reaching 145%. Major technology and media stocks fell sharply, including heavyweights like Apple and Meta, contributing to the overall market downturn. Wall Street continues to grapple with uncertainty as inflation data is anticipated, and many stocks are now at 52-week lows.