NEW YORK (AP) — U.S. stocks are falling in a manic Monday after President Donald Trump doubled down on his tariffs, despite seeing how much financial markets would love to see him do the opposite.
The S&P 500 was down 1.4% in midday trading, coming off its worst week since COVID began crashing the global economy in March 2020. The index, which sits at the heart of many investors’ 401(k) accounts, has lost nearly 20% since setting a record less than two months ago.
The Dow Jones Industrial Average was down 744 points, or 1.9%, as of noon Eastern time, and the Nasdaq composite was 1.1% lower.
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