Tuesday, April 28, 2026
Business - LEVEL1

Dow’s 1,500-Point Plunge: Rally Shatters Amid Trade Deal Stalemate

By aimee yang
Dow’s 1,500-Point Plunge: Rally Shatters Amid Trade Deal Stalemate

On Tuesday, Wall Street had a busy day. In the morning, the Dow Jones index went up by over 1,400 points. This made people excited about the stock market.

The Dow rose after news that there might be a deal about trade before new tariffs started. People felt hopeful because Treasury Secretary Scott Bessent said he might talk about tariffs. President Trump also said he was talking to leaders from South Korea and other countries.

But by the afternoon, the excitement faded. The White House announced a new 50% tax on China. This made people worry again. The Dow ended the day down 320 points at 37,645. It has lost almost 5,000 points since last Wednesday when Trump announced new tariffs. The S&P 500 and Nasdaq also dropped. The S&P finished below 5,000 for the first time in almost a year.

Experts say the market is trying to find a stable point. They believe there will be many ups and downs in the next days. The tariffs could hurt many companies because they rely on products from abroad.

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Vocabulary List:
6 words · tap to reveal
ON

Accent

Tariffs/ˈtærɪfs/noun
Taxes imposed by a government on imports or exports.

Excitement/ɪkˈsaɪtmənt/noun
A feeling of great enthusiasm and eagerness.

Stable/ˈsteɪbl/adjective
Not likely to change or fail; steady.

Dropped/drɒpt/verb
Fell or decreased in amount or value.

Hopeful/ˈhoʊpfəl/adjective
Feeling or inspiring optimism about a future event.

Rely/rɪˈlaɪ/verb
To depend on with full trust or confidence.
Vocabulary Learning

How much do you know?

What was the increase in points in the Dow Jones index on Tuesday morning?
1,400 points
500 points
800 points
2,000 points
What caused people to feel hopeful about the stock market before the afternoon decline?
Deal on trade
New tariffs announcement
Scott Bessent's resignation
Tariff escalation
What was the percentage of tax announced by the White House on China in the afternoon?
30%
50%
20%
70%
How many points did the Dow Jones drop by the end of the day on Tuesday?
320 points
100 points
500 points
700 points
What was the S&P 500 below for the first time in almost a year?
5,000 points
4,000 points
6,000 points
3,000 points
According to experts, what could hurt many companies due to the tariffs?
Profit margins
Stock prices
Reliance on foreign products
Regulatory issues
The Dow Jones lost almost 5,000 points since the announcement of new tariffs by Trump the previous Wednesday.
The S&P 500 and Nasdaq saw a rise in points on Tuesday.
Treasury Secretary Scott Bessent hinted at talking about tariffs.
President Trump confirmed talks with leaders from South Korea and other countries.
Experts believe the market will experience stability in the coming days.
The new tariffs announced could benefit companies relying on domestic products.
The Dow Jones index ended at points on Tuesday.
The S&P finished below for the first time in almost a year.
The market is experiencing many ups and downs; experts believe it is trying to find a stable .
The Dow Jones has lost almost points since last Wednesday.
Experts warn that many companies could be hurt due to their reliance on from abroad.
President Trump mentioned he was in talks with leaders from and other countries.
This question is required
aimee yang
aimee yanghttps://esl-news.com

Test Your Understanding

Start Quiz
Vocabulary List:
6 words · tap to reveal
ON
Accent
Tariffs/ˈtærɪfs/noun
Taxes imposed by a government on imports or exports.
Excitement/ɪkˈsaɪtmənt/noun
A feeling of great enthusiasm and eagerness.
Stable/ˈsteɪbl/adjective
Not likely to change or fail; steady.
Dropped/drɒpt/verb
Fell or decreased in amount or value.
Hopeful/ˈhoʊpfəl/adjective
Feeling or inspiring optimism about a future event.
Rely/rɪˈlaɪ/verb
To depend on with full trust or confidence.
Vocabulary Learning

How much do you know?

What was the increase in points in the Dow Jones index on Tuesday morning?
1,400 points
500 points
800 points
2,000 points
What caused people to feel hopeful about the stock market before the afternoon decline?
Deal on trade
New tariffs announcement
Scott Bessent's resignation
Tariff escalation
What was the percentage of tax announced by the White House on China in the afternoon?
30%
50%
20%
70%
How many points did the Dow Jones drop by the end of the day on Tuesday?
320 points
100 points
500 points
700 points
What was the S&P 500 below for the first time in almost a year?
5,000 points
4,000 points
6,000 points
3,000 points
According to experts, what could hurt many companies due to the tariffs?
Profit margins
Stock prices
Reliance on foreign products
Regulatory issues
The Dow Jones lost almost 5,000 points since the announcement of new tariffs by Trump the previous Wednesday.
The S&P 500 and Nasdaq saw a rise in points on Tuesday.
Treasury Secretary Scott Bessent hinted at talking about tariffs.
President Trump confirmed talks with leaders from South Korea and other countries.
Experts believe the market will experience stability in the coming days.
The new tariffs announced could benefit companies relying on domestic products.
The Dow Jones index ended at points on Tuesday.
The S&P finished below for the first time in almost a year.
The market is experiencing many ups and downs; experts believe it is trying to find a stable .
The Dow Jones has lost almost points since last Wednesday.
Experts warn that many companies could be hurt due to their reliance on from abroad.
President Trump mentioned he was in talks with leaders from and other countries.
This question is required

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