BUSINESS Wall Street drops over 1 percent on Trump tariff fears

BUSINESS

Wall Street drops over 1 percent on Trump tariff fears

Reuters

05:55, March 02, 2018

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Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., March 1, 2018. REUTERS/Lucas Jackson

The S&P 500 registered a third straight day of more than 1 percent declines on Thursday after President Donald Trump said the United States would impose import tariffs on steel and aluminum, raising concern about higher prices and a trade war.

The Dow Jones Industrial Average .DJI fell 420.22 points, or 1.68 percent, to 24,608.98, the S&P 500 .SPX lost 36.22 points, or 1.33 percent, to 2,677.61 and the Nasdaq Composite .IXIC dropped 92.45 points, or 1.27 percent, to 7,180.56.


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