U.S. equities fell for a third day on Monday as the White House refused to back down despite the market meltdown caused by President Donald Trump’s imposition of astronomically high tariffs on the majority of the country’s major trading partners.
The S&P 500 experienced a 3.5% decline. A bear market according to Wall Street would result from the benchmark closing there, bringing its losses from its closing record reached in February to 20%.
The Dow Jones Industrial average fell 3.2%, or 1,200 points.
As investors sold their tech successes to raise money, the Nasdaq composite fell 3.7%, plunging further into bear territory.
Source (CNBC)
