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US: Stocks open sharply lower on trade war fears

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[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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