The stock market began the first day of the trading week down again as President Donald Trump‘s sweeping tariff policies have panicked worldwide markets.
Monday morning, the Dow Jones opened down more than 1,200 points or roughly 3%, the S&P 500 opened down 3.4%, and the Nasdaq Composite was down roughly 4%.
Several major U.S. companies also had a rough start Monday, Nike started down roughly 5%, Apple fell 5% at opening, and Amazon was down 3%.
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Trump unveiled the tariff policy late Wednesday afternoon, putting a minimum 10% tariff on most of the country’s trading partners. The 10% tariff rates began Saturday, while higher reciprocal tariff rates for select other countries are set to begin Wednesday. The stock market reacted negatively during trading hours Thursday
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