Stock Markets Fall Worldwide As Trump's 'Liberation Day' Approaches
HuffPost
The U.S. stock market’s drops followed a sell-off that spanned the world earlier Monday as worries build over tariffs coming Wednesday from Trump.
NEW YORK (AP) — President Donald Trump’s “Liberation Day” is fast approaching, and stock markets from Wall Street to Wellington, New Zealand, are falling Monday in advance of it.
In New York, the S&P 500 was down 0.8% following one of its worst losses of the past couple of years on Friday. It’s on track to finish the first three months of the year with a loss of 5.9%, which could make this its worst quarter in nearly three years.
The Dow Jones Industrial Average was down 111 points, or 0.3%, as of 10:10 a.m. Eastern time, and the Nasdaq composite was 1.7% lower.
The U.S. stock market’s drops followed a sell-off that spanned the world earlier Monday as worries build that tariffs coming Wednesday from Trump will worsen inflation and grind down growth for economies. Trump has said he’s plowing ahead in part because he wants more manufacturing jobs back in the United States.
In Japan, the Nikkei 225 index dropped 4%. South Korea’s Kospi sank 3%, and France’s CAC 40 fell 1.6%. In New Zealand, the NZX 50 slipped a more modest 0.1%.
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