New York, Apr 4 (AP) The worldwide sell-off for financial markets is slamming into an even higher, scarier gear. The S&P 500 tumbled 5.7% Friday, the Dow Jones Industrial Average plunged 2,100 points and the Nasdaq composite dropped 5.7%.

Markets are facing their worst crisis since the COVID crash after China matched President Donald Trump's big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the US job market, which is usually the economic highlight of each month, was enough to stop the slide.

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The price of oil slid to its lowest level since 2001. (AP)

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