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 » Read more about: Stock Market News October 10: S&P 500 (SPY) Falls 1.59% Before Earnings Kick-Off  »

US stocks closed sharply lower on Friday as President Trump and China traded blows on tariffs, with Trump threatening a “massive increase” in duties on Chinese goods.

The Dow Jones Industrial Average (^DJI) lost 1.9%, or over 870 points, while the S&P 500 (^GSPC) fell roughly 2.7%.

 » Read more about: Stock market today: Dow sinks 700 points, S&P 500, Nasdaq plummet as Trump threatens 'massive increase' on China tariffs  »

A monthslong calm on Wall Street was shattered Friday, and U.S. stocks tumbled after President Donald Trump threatened to crank tariffs much higher on China.

The S&P 500 sank 2.7 per cent in its worst day since April. The Dow Jones Industrial Average dropped 878 points, or 1.9 per cent, and the Nasdaq composite fell 3.6 per cent.

 » Read more about: US stocks crash after Trump’s fresh China tariff threat; S&P 500 logs worst day since April  »