Get the latest gossip
Trump Tariffs Rattle Markets, Dragging Several Media Stocks Lower
Trump's imposition of tariffs on imports from China, Mexico and Canada rattled markets, with shares of media companies falling lower.
President Trump’s imposition of new U.S. tariffs on imports from China, Mexico and Canada drove down stocks across the board Monday, with shares of media companies falling as investors grappled with America’s new trade wars. In early trading Monday, major U.S. market indexes dropped on Trump’s actions, which promise to drive up the price of goods for U.S. consumers and businesses in multiple sectors. The Dow Jones Industrial Average was -1.1%, the S&P 500 fell -1.41% and the tech-focused Nasdaq Composite dropped -1.64%.
Or read this on Variety