Wall Street stocks tumbled Tuesday on growing worries about a trade war as President Donald Trump replaced his Secretary of State and was reportedly planning new tariffs on China.
The Dow Jones Industrial Average fell 0.7 percent to 25,007.03.
The broad-based S&P 500 shed 0.6 percent to 2,765.31, while the tech-rich Nasdaq Composite Index dropped one percent, settling at 7,511.01.
Stocks opened higher after benign US inflation data reassured investors the Federal Reserve was not likely to accelerate the pace of interest rate hikes this year. But markets began retreating later in the day.
Source : AFP