The Dow Jones Industrial Average trimmed its loss from 665 points to 162 after Mexico’s president said the U.S. will delay its tariffs on Mexican imports by a month.
The S&P 500 was down 0.6% in midday trading after Asian and European indexes logged worse drops. The Dow Jones Industrial Average was down 39 points, or 0.1%, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 1% lower.
The U.S. stock market had been on track for a much worse loss itself, with the Dow down 665 points shortly after the start of trading, on worries about how much pain U.S. companies would feel because of the tariffs. Some of the heaviest losses hit Big Tech and other companies that could be hurt most by the higher interest rates that could ultimately result from the U.S. tariffs announced on imports from Canada, Mexico and China.
But U.S. stocks pared their losses after Mexican President President Claudia …
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