Dow falls 400 points due to Trump's tariffs
qz.com —
The Dow Jones Industrial Average fell by 397 points, or about 0.9%, on Monday, continuing a downward trend linked to President Trump's recent tariffs on Canada, Mexico, and China. The S&P 500 and Nasdaq also experienced significant declines. Tech stocks, including Tesla and Nvidia, saw losses as well. Tesla's stock dropped 5.3%, while Nvidia fell 1%. Year-to-date, Tesla's stock has decreased over 30%, influenced by concerns over CEO Elon Musk's political actions. Goldman Sachs raised the likelihood of a recession within the next year from 15% to 20%. President Trump acknowledged the possibility of a recession but emphasized the long-term benefits of his economic policies.