A sell-off hit Wall Street after President Donald Trump said tariffs he had announced earlier on Canada and Mexico would take effect within hours.
The S&P 500 dropped 1.8% Monday after Trump said there was no room left for negotiations that could lower tariffs set to begin Tuesday on Canadian and Mexican imports. That dashed Wall Street’s hopes that Trump would choose a less painful path for global trade, and it followed the latest warning signal on the U.S. economy’s strength.
The Dow Jones Industrial Average dropped 1.5%, and the Nasdaq composite slumped 2.6%. Treasury yields sank after a weaker-than-expected report on manufacturing.
On Monday:
The S&P 500 fell 104.78 points, or 1.8%, to 5,849.72.
The Dow Jones Industrial Average fell 649.67 points, or 1.5%, to 43,191.24.
The Nasdaq composite fell 497.09 points, or 2.6%, to 18,350.19.
The Russell 2000 index of smaller companies fell 60.83 points, or 2.8%, to 2,102.23.
For the year:
The S&P 500 is down 31.91 points, or 0.5%.
The Dow is up 647.02 points, or 1.5%.
The Nasdaq is down 960.60 points, or 5%.
The Russell 2000 is down 127.92 points, or 5.7%.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。