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On the flip side, among the relatively few rising stocks on Wall Street were those that can make money almost regardless of what the economy does, such as utilities. American Water Works rose 2.2%.All told, the S&P 500 fell 112.37 points to 5,580.94. The Dow Jones Industrial Average dropped 715.80 to 41,583.90, and the Nasdaq composite lost 481.04 to 17,322.99.

Stock markets worldwide will likely remain shaky as an April 2 deadline approaches for more tariffs. That’s what Trump has called “Liberation Day,” when he will roll out tariffs tailored to each of the United States’ trading partners.In stock markets abroad, indexes fell sharply in Japan and South Korea as automakers felt more pressure following Trump’s announcement that he plans to impose 25% tariffs on. Hyundai Motor fell 2.6% in Seoul, while Honda Motor fell 2.6%, and Toyota Motor sank 2.8% in Tokyo.

Thailand’s SET lost 1% after acentered in Myanmar rattled the region, causing the prime minister to declare a state of emergency for the capital, Bangkok.

In the bond market, the yield on the 10-year Treasury tumbled to 4.25% from 4.38% late Thursday. It tends to fall when expectations for either U.S. economic growth or inflation are on the wane.

AP Writers Jiang Junzhe and Matt Ott contributed.Towns was hurt near the end of the Pacers’ 130-121 victory on Tuesday that gave them a 3-1 lead in the series. He was able to finish the game, but he was noticeably hobbling after the knee-to-knee collision and the Knicks had listed him as questionable to play Thursday.

Knicks coach Tom Thibodeau said earlier Thursday that Towns’ availability would be a game-time decision.Towns had carried the Knicks to their lone win in the series by scoring 20 of his 24 points in the fourth quarter of Game 3. On Thursday, he followed Jalen Brunson’s strong start by scoring 12 points while playing the entire second quarter.

The Knicks stuck with their starting lineup that debuted in Game 3, with Towns moved to forward and Mitchell Robinson starting at center. Robinson replaced forward Josh Hart in the first unit, with the Knicks hoping his rebounding and defense would help slow down the Pacers.The Knicks hadn’t really started well in either of the first two games with the big lineup and gave up 43 points in the first quarter of Game 4. But Indiana barely surpassed that in the first half Thursday, when New York led 56-45, as the Knicks finally avoided the early holes they’ve been falling into.