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Cnn
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On Tuesday, Dow and S&P 500 fell once again when President Donald Trump doubled the threat of a new round of heavy taxes on Canada.
Trump said in a social media post on Tuesday that he would add 25 % tariffs on Canada’s electricity and 50 % tariffs on US imports from his northern neighbor on all steel and aluminum.
Dow was 440 points, or 1.05 % lower, which withdrew from 580 points at a place in the morning. The wider S&P 500 fell 0.5 % and the Nice deck fluctuations between comprehensive benefits and disadvantages.
The sales -off extends a widespread market route that has shaken Wall Street and has raised concerns that when blood will stop. Trump has warned that revenue can cause “a little disturbance”, and Commerce Secretary Howard Lotnik said last week that “the fact that the stock market decreases by half percent or percent, it is not a stimulus of our results.”
On Monday morning, the decline falls on a steep selling heels in which Dow Tumbbal saw 890 points and S&P 500 saw 2.7 %. The benchmark index closed 8.6 % in February, with a record height, located near the correctional area.
Trump interviewed Fox News on Sunday refused to reject the possibility of a recession, which helped investors worry.
According to the CNN’s fear and greedy index, “extreme fear” has been the feeling of running investors for the past two weeks, which is due to the uncertainty caused by Trump and behind tariff announcements.
This is a developing story and will be updated.
