World News | Wall Street Drops as Trump's Tariffs Hit Markets Worldwide; Dow Down 550 Points
Get latest articles and stories on World at LatestLY. Worries about President Donald Trump's tariffs are hurting US stocks. The S&P 500 sank 1.7% in early Monday trading following similar losses for markets across Asia and Europe.
Washington, Feb 3 (AP) Worries about President Donald Trump's tariffs are hurting US stocks. The S&P 500 sank 1.7% in early Monday trading following similar losses for markets across Asia and Europe.
The Dow Jones Industrial Average fell 557 points, and the Nasdaq composite dropped 2.1%. Everything from bitcoin to the Mexican peso fell, not just stocks of the US companies expected to be the first to feel pain from tariffs on goods imported from Canada, Mexico and China.
Some of the sharpest losses hit Big Tech and stocks that would be hurt most by higher interest rates and the worse inflation that could result from tariffs. (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)