The Business Times
business-time-50

US: Wall Street opens sharply lower on tariff worries

Summarise
google-preferred-sourceAdd BT as a preferred source
Published Mon, Mar 31, 2025 · 09:42 PM
    • The S&P 500 lost 56.93 points, or 1.01 per cent, to 5,524.77, and the Nasdaq Composite lost 277.34 points, or 1.58 per cent, to 17,039.68.
    • The S&P 500 lost 56.93 points, or 1.01 per cent, to 5,524.77, and the Nasdaq Composite lost 277.34 points, or 1.58 per cent, to 17,039.68. PHOTO: AFP

    [NEW YORK] US stock indexes opened sharply lower on Monday (Mar 31) as investors shied away from risky assets on mounting concerns that the Trump administration’s upcoming announcement of extensive tariff plans could hurt the global economy.

    At 0930 am the Dow Jones Industrial Average fell 290.65 points, or 0.68 per cent, to 41,293.25. The S&P 500 lost 56.93 points, or 1.01 per cent, to 5,524.77, and the Nasdaq Composite lost 277.34 points, or 1.58 per cent, to 17,039.68. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Dow JonesS&P 500Nasdaq

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    The firm said it “periodically reviews its organisational structure” to ensure it remains aligned with its strategic priorities and long-term business needs.

    CapitaLand Investment retrenches 90 Singapore staff in 2026 as part of restructuring

    Facebook co-founder Eduardo Saverin retains his title as Singapore’s richest individual despite a US$10.1 billion drawdown.

    Wealth of Singapore’s 50 richest diverges as OCBC, Sheng Siong boom offsets tech slide

    Bali’s property market has been on a tear since the pandemic, with the tourism rebound and strong foreign demand driving prices higher.

    Can Bali swop beach capital for global capital without the skyscrapers?

    Canadian Prime Minister Mark Carney speaking at a press conference in Ottawa, on Aug 22, after trade talks with the US collapsed.

    Canada’s fight with the US has far bigger stakes than trade

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More