US: Stocks open sharply lower on trade war fears

Published Fri, Mar 2, 2018 · 02:46 PM

[NEW YORK] Wall Street stocks fell early Friday, joining a global selloff amid fears over a trade war after President Donald Trump vowed to impose reciprocal tariffs all imports in addition to steep tariffs on steel and aluminum.

About three minutes into trading, the Dow Jones Industrial Average stood at 24,334.92, down 1.1 per cent and on track for its fourth straight loss.

The broad-based S&P 500 dropped 0.7 per cent to 2,659.69, while the tech-rich Nasdaq Composite Index shed 0.8 per cent to 7,121.49.

AFP

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US: Stocks open sharply lower on trade war fears

Capital Markets & Currencies

Europe: Stocks retreat on earnings gloom, weak US economic data

US: Stocks hit by GDP data, Meta results

Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%

LSEG reports in-line first quarter as Microsoft partnership progresses

Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover

South Korea readies new system to detect illegal short-selling

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