U.S., Canadian Stocks Tumble
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Trump tariffs spur big losses for S&P, Dow Jones as market worries grow | Globalnews.ca
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The Dow Jones Industrial Average dropped 649 points, or 1.5% , and the Nasdaq composite slumped 2.6% .
In Canada , the S&P / TSX composite index closed down 391.88 points at 25,001.57 .
Monday ’s slide punctuated a rocky couple of weeks for Wall Street.
The market began diving following weaker-than-expected reports on the U.S. economy.
In the bond market, the yield on the 10-year Treasury fell to 4.15% from 4.24% just before the manufacturing report’s release.
The yield has come down sharply since January , when it was approaching 4.80% , as worries have built about the possibility of a slowing U.S. economy.
The reason for this recent drop in yields is softer economic growth expectations.