Stocks tumble as markets brace for Trump’s next round of tariffs

AFP/File SAUL LOEB

Stocks fell Monday as markets braced for major escalations in the US-China trade war. The Nasdaq Composite dropped nearly 1.5%, with companies like Apple earlier warning tariffs could force them to raise prices. The dollar and Treasury yields slid. 

Here’s the scoreboard: 

Dow Jones industrial average: 26,062.46−92.21 (0.35%)

S&P 500: 2,889.11 −15.87 (0.55%)

Nasdaq Composite: 7,895.79 −114.25 (1.43%)

And a look at the upcoming economic calendar:

  • European Central Bank President Draghi speaks in Paris. 
  • Housing starts and existing home sales numbers are out in the US.

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