US Stocks Slump, Dow Hits 1-Month Low (Market Trading)


Wall Street opened lower on Tuesday on increased doubts over whether a trade agreement between the US and China can be reached after President Trump said a deal might only happen next year. On Monday, Washington announced tariffs on US steel and aluminium imports from Brazil and Argentina and threatened to impose duties on some French products. The Dow Jones lost 421 points or 1.5% to one-month low, the S&P 500 declined 38 points or 1.2% and the Nasdaq traded 105 points or 1.2% lower around 10:30 AM NY time.

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