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Home » Wall Street falls again, wipes out post-election gains for S&P 500

Wall Street falls again, wipes out post-election gains for S&P 500

Voice of America by Voice of America
11 months ago
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Stocks racked up more losses on Wall Street Tuesday as a trade war between the U.S. and its key trading partners escalated, wiping out all of the gains since Election Day for the S&P 500. The Trump administration imposed tariffs on imports from Canada and Mexico starting Tuesday and doubled tariffs against imports from China. All three countries announced retaliatory actions, sparking worries about a slowdown in the global economy. The S&P 500 fell 1.2%, with more than 80% of the stocks in the benchmark index closing lower. The Dow Jones Industrial Average slid 1.6%. The Nasdaq composite slipped 0.4%.

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