NEW YORK: Wall Street stocks finished decisively lower on Thursday , with many retailers tumbling, after President Donald Trump announced aTrump's early-afternoon tweet announcing the tariffs on another US$300 billion in goods sent investors to the exits and left the Dow Jones Industrial Average 280.85 points lower at the closing bell at 26,583.42.The broad-based S&P 500 slid 26.82 points to 2,953.56, while the tech-rich Nasdaq Composite Index dropped 64.30 points to 8,111.12.
The news prompted a broad-based selloff but fell especially hard on retailers such as Best Buy, which lost 10.8 per cent, Target, which tumbled 4.4 per cent and Macy's, which sank 6.8 per cent.Amazon and Walmart, which are seen as having more clout with suppliers, also declined, but by less than one per cent.