The S&P 500 added to recent losses in early trading. German automakers, many of which have plants in Mexico that make vehicles that are sold in the United States, were especially hard hit.

Global stocks tumbled on Tuesday as investors’ concerns over the future health of the economy mounted after President Trump’s broad tariffs against Canada, Mexico and China went into effect.

The S&P 500 fell over 1.8 percent, adding to the 1.8 percent loss on Monday that was its sharpest decline this year. The Nasdaq Composite index also dropped over 1 percent, putting the index in what is known as a correction, defined as a drop of 10 percent or more from its recent peak, which was set in December, although much of the sell-off has materialized over the past two weeks.

MBFC
Archive

  • @dugmeup
    4•4 hours ago

    It’s aboot time eh?