NEW YORK (AP) — Stocks are slipping on Wall Street Thursday after President Donald Trump’s latest tariffs took effect on dozens of countries.
The S&P 500 fell by 0.5% after climbing earlier in the day to the edge of its record, which was set late last month. The Dow Jones Industrial Average was down 366 points, or 0.8%, as of 2:26 p.m. Eastern time, and the Nasdaq composite was 0.3% lower.
Worries are high that Trump’s tariffs are damaging the economy, particularly after last week’s worse-than-expected report on the job market. But hopes for coming cuts to interest rates by the Federal Reserve and a…
