Wall Street tumbled on Thursday after Apple blamed trade tensions with China, fueled partly by President Trump’s tariffs, for a gloomier sales outlook, wiping out tentative gains from the first trading day of 2019.

The blue-chip Dow Jones Industrial Average sank 2.8 percent to 22,685 in New York trading, while the broader S&P 500 dropped 2.5 percent and the tech-heavy Nasdaq slid 3 percent. All three indexes are now in the red for the new year.