U.S. stock indexes red; Nasdaq down >1.5%
Tech weakest S&P sector; Staples leads gainers
Euro STOXX 600 index down >1%
Dollar lower; crude slips; gold gains; bitcoin up >1%
U.S. 10-Year Treasury yield falls to ~4.52%
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NASDAQ SLIDES AS TRUMP LEVIES TARIFFS, AS PROMISED
The three major U.S. stock indexes are under pressure in early Monday trading, led by a more than 1.5% decline in the Nasdaq composite .IXIC, in a broad selloff after President Donald Trump levied steep tariffs on Mexico, Canada and China, as promised, sparking worries about higher prices and a trade war.
Most S&P 500 sectors are lower, with consumer discretionary .SPLRCD and tech .SPLRCT down the most.
Among industries seen most affected, auto stocks are down sharply. General Motors GM.N shares are off 4.5% in early trading, while Ford Motor F.N is down 2.6%.
Shares of beer and wine producer Constellation Brands STZ.N are down 3.8%.
Trump had been warning about announcing tariffs since his election campaign.
Here is a morning snapshot:
(Caroline Valetkevitch)
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FOR MONDAY'S EARLIER LIVE MARKETS POSTS:
TRADERS CHECK THEIR CHARTS AS THEY BRACE FOR ANOTHER MONDAY MORNING ROUT - CLICK HERE
DRINK UP! TARIFF IMPLICATIONS FOR EUROPE'S BEVERAGE MAKERS - CLICK HERE
WHAT IF THE U.S. REAL TARGET IS JUST CHINA? - CLICK HERE
MEANWHILE, EARNINGS REMAIN REASSURINGLY CALM - CLICK HERE
SOME SIMULATIONS ON POSSIBLE FOREX MOVES - CLICK HERE
TRUMP TARIFFS SEND STOXX LOWER; AUTOS SECTOR LAGS - CLICK HERE
EUROPE BEFORE THE BELL: TRADE WAR UNDERWAY - CLICK HERE
TRUMP TARIFF REALITY UNNERVES MARKETS - CLICK HERE
morning snapshot https://tmsnrt.rs/4gjKCIY
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