US Stocks Drop Amid Rising Global Trade Tensions and Tariff Threats
TL;DR Summary
The stock market declined amid US-China trade tensions and new steel tariffs, with the Dow dropping nearly 200 points. Steel stocks surged after Trump's tariff announcement, while sectors like energy and gold mining outperformed. Treasury Secretary Bessent reassured investors about US debt, and China criticized the US trade deal, escalating tensions. Overall, market sentiment was cautious with mixed sector performances.
- Stock Market Today: Dow Falls As Bessent Makes This Debt Pledge; Steel Stocks Pop On Trump Tariff Move (Live Coverage) Investor's Business Daily
- Stock Market Today: Dow Falls; China Says U.S. Has 'Seriously Undermined' Trade Truce — Live Updates WSJ
- Stock market today: Dow, S&P 500, Nasdaq slip as US-China trade tensions flare up again Yahoo Finance
- US stocks mostly lower as Trump escalates tariff threats USA Today
- Stock futures slide as global trade tensions rise to start the new month: Live updates CNBC
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