US financial markets reopen Monday to extend losses, Dow drops 1,200 point, amid Trump's tariffs
The losses in U.S. financial markets were expected considering losses last week, after Trump announced across-the-board tariffs on U.S. trading partners and financial markets worldwide plunged early Monday.
Wall Street extended its losses Monday amid President Trump's tariff-trade war, with the Dow Industrial Average at the opening bell losing 1,200.
The losses in U.S. financial markets were expected considering losses last week, after Trump announced across-the-board tariffs on U.S. trading partners and financial markets worldwide plunged early Monday.
Shares in Hong Kong plunged over 13% on Monday, the steepest one-day percentage drop since 1997.
In London, the FTSE 100 Index went down 5%. In Germany, the DAX is down 9%, according to CNN.
On Friday, the S&P 500 closed down 6% while the tech-heavy Nasdaq Composite dropped 5.8%. The Dow Jones Industrial Average fell over 2,200 points, or about 5.5%. On Thursday, the S&P had its worst day since early in the COVID-19 pandemic, according to NBC News.
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