The S&P 500 fell 1.4% on Thursday, marking its lowest point of the year and sliding into a market correction, as it is now down 10.1% from the all-time high it reached less than a month ago. The Dow Jones Industrial Average also hit a year-to-date low, closing down 537 points.

Follow all the latest U.S. market action for Thursday as stocks resume selloff and President Trump threatens more tariffs.

Donald Trump is escalating his global trade war, issuing increasingly wild threats as targets from China to Canada and Europe retaliate with tariffs of their own rather than retreat. In the meantime, the resulting chaos has driven the S&P 500 into a correction.

March’s stock market selloff showed no signs of easing Thursday as major indexes were on track to hit their lowest points of the year amid intensifying backlash to President Donald Trump’s sweeping tariffs,