Major stock quotes on the New York Stock Exchange fell more than 5% on Friday after China announced the introduction of additional tariffs of 34% on all products imported from the USA starting April 10.

The Dow Jones Industrial Average fell by 2,231.07 points (5.5%) to 38,314.86 points, marking a historical record drop.

The S&P 500 lost 322.44 points (5.97%), decreasing to 5,074.08 points. The Nasdaq electronic exchange index fell by 962.82 points (5.82%) to 15,587.79 points.