Bear Market: Dow Jones Falls Sharply In Early Trading

Investopedia reports:

Stocks fell sharply in early trading Monday, extending last week’s massive sell-off, as the Trump administration showed no signs over the weekend of backing down from its plan to impose wide-ranging tariffs.

The Dow Jones Industrial Average was down 4.2%, or more than 1,600 points, about 10 minutes after the opening bell, while the S&P 500 and tech-heavy Nasdaq retreated 4.5% and 4.9%, respectively.

The major indexes are coming off their worst week since the early days of the Covid pandemic in March 2020, after stocks plunged on Thursday and Friday following President Trump’s announcement of sweeping tariffs on U.S. trading partners. The benchmark S&P 500 declined 10.5% over the last two days of the week, while the Dow shed nearly 4,000 points.

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