U.S. stocks had initially been on track for much worse losses
President Donald Trump’s tariffs sent Wall Street on a roller coaster
The S&P 500 fell 0.8% Monday following sharper loses across Asia and Europe. The Dow Jones Industrial Average fell 0.3%, and the Nasdaq composite lost 1.2%.
U.S. stocks had initially been on track for much worse losses on worries about how much pain U.S. companies would feel because of the U.S. tariffs announced for imports from Canada, Mexico and China. The S&P 500 was briefly down nearly 2%, and the Dow dropped as many as 665 points. But they pared losses after Mexico’s president said she had negotiated a one-month reprieve for her country.
The S&P 500 fell 45.96 points, or 0.8%, to 5,994.57.
The Dow Jones Industrial Average fell 122.75 points, or 0.3%, to 44,421.91.
The Nasdaq composite fell 235.49 points, or 1.2%, to 19,391.96.
The Russell 2000 index of smaller companies fell 29.28 points, or 1.3%, to 2,258.42.
