Stock market today: Wall Street’s sell-off gets worse as worries deepen over tariffs
Wall Street’s sell-off is worsening as worries about the economy and President Donald Trump’s tariffs send U.S. stocks further from their record set just last month.
The S&P 500 was down 1.5% in early trading Monday, coming off its worst week since September.
The Dow Jones Industrial Average was down 415 points, or 1%, and the Nasdaq composite was 2.2% lower. Stocks are on track for another bumpy day following a scary stretch dominated by worries that Trump’s on-and-off-again tariffs will either hurt the economy directly or create enough uncertainty to drive U.S. companies and consumers into an economy-harming paralysis.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
Volatility returned to Wall Street Monday, with most major U.S. indices swinging to significant losses after President Donald Trump dismissed concerns over the possibility of his upcoming tariffs causing a recession.
Futures for the S&P 500 were down 1.4%, while futures for the Dow Jones Industrial Average lost 1.1%. Nasdaq futures slid 1.6%.
