Market Shaken as New Tariffs Raise Trade War Fears
Wall Street's main indexes opened lower after President Trump's introduction of new tariffs reignited trade war concerns. The Dow Jones, S&P 500, and Nasdaq all experienced declines. Focus remains on the Federal Reserve's upcoming monetary policy decision, which holds significant implications for the economy.
Wall Street experienced a rough start to the week as major indexes opened lower following President Donald Trump's announcement of new tariffs.
This move rekindled fears of a prolonged global trade war, impacting investor sentiment. As a result, the Dow Jones Industrial Average dropped 144.1 points, or 0.35%, to 41,173.38.
The S&P 500 and the Nasdaq Composite followed suit, losing 31.4 points (0.55%) and 160.7 points (0.89%) respectively. All eyes are now on the Federal Reserve's monetary policy decision expected later this week, which could chart the course for future economic stability.
(With inputs from agencies.)
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