Stocks fall again on Wall Street as companies react to Trump tariffs – National [Video]

NEW YORK (AP) — Stocks tumbled in morning trading on Wall Street Tuesday as a trade war between the U.S. and its key trading partners escalated, wiping out all the gains for the S&P 500 since Election Day.

The tariffs between the U.S., China, Canada and Mexico have helped to extend a recent slump for U.S. stocks that was prompted by signs of weakness in the economy.

The S&P 500 fell 1.4 per cent, weighed down by nearly every sector except real estate and utilities, which are typically considered relatively safer investments.

The Dow Jones Industrial Average shed 580 points, or 1.3 per cent, as of 10:04 a.m. Eastern time. The Nasdaq composite fell 1.4 per cent.

Markets in Europe fell sharply while stocks in Asia saw more modest declines.

The drops follow a steep sell-off Monday. Altogether, the decline has wiped out all of the markets’ gains since President Donald Trump’s …