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Barchart
Barchart
Rich Asplund

Stocks Extend Losses as Global Trade Tensions Escalate

The S&P 500 Index ($SPX) (SPY) today is down -1.75%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -1.80%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -1.40%.  March E-mini S&P futures (ESH25) are down -1.74%, and March E-mini Nasdaq futures (NQH25) are down -1.52%. 

Stock indexes today are sharply lower for a second session, with the S&P 500 and Nasdaq 100 falling to 4-month lows and the Dow Jones Industrials falling to a 7-week low.  Worries about escalating global trade tensions are hammering equity markets again today.  New US tariffs kicked in today on US imports from Canada, Mexico, and China.  Bank stocks and energy producers are also under pressure today, leading to losses in the broader market.

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