US Market LIVE: Dow Drops 300 Points as Market Sell-off Gains Steam on Recession Fears | NYSE LIVE | CNBC TV18
The Dow Jones Industrial Average fell Tuesday after President Donald Trump placed additional tariffs on Canadian steel and aluminum coming into the U.S.
The 30-stock average lost 455 points, or 1.1%, while the S&P 500 dropped 1.1%. The Nasdaq Composite slipped 0.6%.
In a Truth Social post, Trump said steel and aluminum duties would go up by an additional 25%, bringing them to 50%. He added that the levies would take effect Wednesday.
Stock market today Live : Dow, S&P 500, Nasdaq sink after S&P’s worst week since September. US stocks fell solidly Monday as investors processed growing concerns about the health of the US economy and readied for a busy week of economic data, headlined by a report on inflation amid concerns over its resurgence under President Trump’s unpredictable trade policy.
The Dow Jones Industrial Average (^DJI) fell 0.8%, while the benchmark S&P 500 (^GSPC) dropped 1.3% after the index posted its worst week since September. The Nasdaq (^IXIC) also plummeted more than 2%, with “Magnificent Seven” stocks leading the sell-off.
Stocks dropped on Monday as the selling pressures that dragged Wall Street last week persisted, with investors worried about an economic slowdown after President Donald Trump didn’t rule out a recession with U.S. tariffs being implemented.
Last week, the S&P 500 lost 3.1% for its worst weekly mark since September. The Dow fell 2.4%, while the Nasdaq shed 3.5%. Over the past month, the S&P 500 and Nasdaq are down 6% and 9%, respectively, while the Dow is down 4.5%.
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