U.S. stock market benchmarks slumped at the opening bell on Monday after President Donald Trump, unhappy with the pace of progress in recent trade talks, threatened to increase tariffs on Chinese imports. The S&P 500 SPX, -1.13% fell 1.3% to 2,907. The Dow Jones Industrial Average DJIA, -1.19% retreated 379 points, or 1.4%, to 26,126. The Nasdaq Composite COMP, -1.36% slid 1.7% to 8,027. The S&P, Dow and the Nasdaq are on course for the biggest percentage slides since March 22.
See Full Story Dow on pace for sharpest drop in 6 weeks as Trump ignites China trade-war fears U.S. stock-index benchmarks head sharply lower Monday morning, joining other global benchmarks, after President Donald Trump threatened over the weekend to raise tariffs on $200 billion of Chinese goods, raising fresh fears about a clash between the world’s largest economies.
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