Wall Street today: Dow Jones, S&P 500, Nasdaq dip on worries over full-blown trade war after Trump’s tariffs

Date:

US stock indices declined at the open on Monday on worries over a full-blown trade war after President Donald Trump imposed steep tariffs on Mexico, Canada and China.

Fears of a global trade war and its impact on the world economy also jolted the stock markets around the world.

At the opening bell, the Dow Jones Industrial Average fell 276.5 points, or 0.62%, to 44,268.15. The S&P 500 fell 70.9 points, or 1.17%, to 5,969.65​, while the Nasdaq Composite dropped 412.1 points, or 2.10%, to 19,215.375.

Trump’s tariffs

President Trump said his tariffs on the three largest US trading partners, which take effect on February 4, might cause Americans some short-term pain, but “long term, the United States has been ripped off by virtually every country in the world”.

He also indicated that the 27-nation European Union would be next in the firing line, but did not say when.

“They don’t take our cars, they don’t take our farm products. They take…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...