Tag: US steel

US stocks tumble on trade war fears, Dow loses 1.7%

NEW YORK, United States (AFP) — Wall Street stocks fell sharply Thursday after President Donald Trump said he will enact steep tariffs on steel and aluminum imports, reviving worries of a trade war. The Dow Jones Industrial Average tumbled 1.7 percent to close 24,608.98, above the worst levels of the day. The broad-based S&P 500 dropped 1.3 percent to end at 2,677.67, while the tech-rich Nasdaq Composite Index fell 1.3 percent to 7,180.356. Trump, at […]