April 4 (Reuters) - U.S. stocks opened sharply lower on
Friday, with the Nasdaq Composite heading into a bear market,
after China imposed fresh tariffs on all U.S. goods in response
to the Trump administration's sweeping levies, escalating a
global trade war.
The tech-heavy Nasdaq dropped more than 20% from its
all-time closing high touched in December, putting it on course
to confirm a bear market.
The S&P 500 lost 134.05 points, or 2.48%, to 5,262.47
points, while the Nasdaq Composite lost 473.16 points,
or 2.86%, to 16,077.44. The Dow Jones Industrial Average
fell 994.46 points, or 2.45%, to 39,551.47.