The tech-heavy Nasdaq plunged 5.5% and also hit its lowest level since September. All three major indexes were on pace for their worst day since the 2022 inflation crisis. Global markets also fell sharply Thursday.

By Sruthi Shankar and Pranav Kashyap (Reuters) -Heavyweight technology stocks led a broad selloff on Wall Street on Thursday after President Donald Trump's sweeping tariffs on major trade partners ignited fears of an all-out trade war and raised the risk of a global economic recession.