financetom
Market
financetom
/
Market
/
US STOCKS SNAPSHOT-Wall St slides at open as Trump's tariffs trigger risk aversion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US STOCKS SNAPSHOT-Wall St slides at open as Trump's tariffs trigger risk aversion
Feb 3, 2025 6:49 AM

Feb 3 (Reuters) - Wall Street's main indexes dropped at

the open on Monday as fears of a full-blown trade war and its

impact on the global economy jolted markets around the world

after President Donald Trump levied steep tariffs on Mexico,

Canada and China.

The Dow Jones Industrial Average fell 276.5 points,

or 0.62%, at the open to 44,268.15. The S&P 500 fell 70.9

points, or 1.17%, at the open to 5,969.65​, while the Nasdaq

Composite dropped 412.1 points, or 2.10%, to 19,215.375

at the opening bell.

(Reporting by Shashwat Chauhan in Bengaluru; Editing by

Shinjini Ganguli)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Shunning home markets, South Korean retailers pile-up on US stocks
Shunning home markets, South Korean retailers pile-up on US stocks
Aug 13, 2024
SEOUL (Reuters) - South Korea's mom-and-pop investors are defying last week's global financial markets rout by pouring even more funds into U.S. stocks, a years-long trend that analysts and investors bet will continue due to the depressed value proposition at home. South Korean retailers have been scooping up Nvidia, Tesla Inc. and Apple shares this year fuelled in part by...
Japan's Nikkei rises as soft US PPI data boosts rate-cut bets
Japan's Nikkei rises as soft US PPI data boosts rate-cut bets
Aug 13, 2024
TOKYO, Aug 14 (Reuters) - Japan's Nikkei share average rose in early trade on Wednesday, after soft U.S. producer prices data overnight buoyed rate-cut expectations and supported risk appetite. The Nikkei was up 0.3% at 36,352.80 as of 0026 GMT, while the broader Topix rose 0.7%. U.S. producer prices increased less than expected in July as a rise in the...
FOCUS-Shunning home markets, South Korean retailers pile-up on US stocks
FOCUS-Shunning home markets, South Korean retailers pile-up on US stocks
Aug 13, 2024
* South Koreans resume years-long trend of buying US stocks * Recent markets rout unlikely to deter Korean buying of US stocks * Koreans hold Tesla the most, followed by Nvidia ( NVDA ) and Apple ( AAPL ) * Retail sell-off in the domestic market biggest on record By Jihoon Lee and Cynthia Kim SEOUL, Aug 14 (Reuters) -...
Sector Update: Energy
Sector Update: Energy
Aug 13, 2024
03:17 PM EDT, 08/13/2024 (MT Newswires) -- Energy stocks were declining late Tuesday afternoon, with the NYSE Energy Sector Index decreasing 0.5% and the Energy Select Sector SPDR Fund (XLE) shedding 0.9%. The Philadelphia Oil Service Sector index was down 0.9%, while the Dow Jones US Utilities index was rising 0.5%. Front-month West Texas Intermediate crude oil fell 2.2% to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved