Stocks fell, gold moved higher and volatility picked up Monday as uncertainty about President Donald Trump’s new proposed tariffs continued to swirl on Wall Street.
The Dow was down 835 points, or 1.6%, in early afternoon trading. The broader S&P 500 fell 1.24%, and the tech-heavy Nasdaq Composite ticked lower by 1.4%.
After the Supreme Court on Friday struck down the tariffs Trump had levied using an emergency powers law, the president over the weekend announced he would hike tariffs to a new level of 15% on imports into the United
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