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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