NEW YORK: Wall Street stocks fell on Tuesday as the latest aggressive manoeuvres by US President Donald Trump on trade sparked worry of worsening conflict.
The Dow Jones Industrial Average ended at 27,502.81, down 280.23 points , its third straight decline after hitting a record last Wednesday. Karl Haeling, head of capital markets sales at LBBW, said the pullback partly reflected a natural retreat after a buoyant October and November.But he said investors were unnerved by Trump's justification of tariffs against Brazil and Argentina, in which he said the countries intentionally devalued their currencies.
The comments on trade also shifted attention from data showing a strong start to the holiday shopping season.Cyber Monday
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Source: The Straits Times - 🏆 8. / 63 Read more »