Dow Closes Down More Than 400 Points As Trump’s Steel Tariff Sends Tremors Through Markets


Major stock indexes plunged Thursday afternoon following President Donald Trump’s announcement that he was imposing a 25 percent tariff on imported steel and 10 percent on aluminum.

Investor concern about the news rattled the Dow Jones industrial average, which closed down more than 400 points, or 1.7 percent, at 24,608. The Standard & Poor’s 500-stock index and tech-heavy Nasdaq both finished down about 1.3 percent.

The Dow is down 1,100 points over the last three days, ending with its 420 point drop Thursday. That is a three-day decline of 4.3 percent. The S&P 500 dropped 3.67 percent over the same three days or about 102 points. The Nasdaq Composite is down 3.25 percent since Tuesday’s open.

(c) 2018, The Washington Post ยท Thomas Heath



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