Wall Street sees volatile trading as turmoil from US president’s assault on world trade enters second week
Stock markets continued to fall sharply around the world on Monday as Donald Trump defied stark warnings that his global trade assault will wreak widespread economic damage, comparing new US tariffs to medicine.
On Wall Street, the benchmark S&P 500 dropped by as much as 4.1% – entering bear market territory after falling more than 20% from its most recent peak, in February – before pulling back in volatile trading. By late morning, it was down 2%.