Wall St pares losses after Trump decides to delay auto tariffs

US stocks pared losses on Wednesday after U.S. President Donald Trump decided to delay tariffs on auto imports by up to six months.

Sentiment was earlier hurt by a clutch of weak economic data from the United States and China that sparked worries of slowing global growth.

At 10:21 a.m. ET the Dow Jones Industrial Average was down 68.16 points, or 0.27%, at 25,463.89, the S&P 500 was down 2.12 points, or 0.07%, at 2,832.29 and the Nasdaq Composite was up 18.00 points, or 0.23%, at 7,752.50.

When markets opened, the Dow fell 131.92 points, or 0.52%, to 25,400.13. The S&P 500 was lower by 14.03 points, or 0.49%, at 2,820.38 and the Nasdaq dropped 51.69 points, or 0.67%, to 7,682.80.


READ  Nissan backs Brexit Britain by ploughing £400m into Sunderland plant

Leave a Reply