CNBC
U.S. equities fell on Monday after President Donald Trump said he’s raising his global tariffs following the Supreme Court’s decision to strike down his “reciprocal” tariffs.
The Dow Jones Industrial Average dropped 817 points, or 1.6%, while the Nasdaq Composite declined 1.3%. The S&P 500 shed 1.2%, dragged down by losses in software stocks such as Microsoft
and Salesforce as artificial intelligence disruption fears continue to linger.
Trump continued to assert his ability to increase tariffs, warning of higher duties for countries that want to “play games” after the high court’s ruling.
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