Wall Street drops amid Trump’s global tariff impact [Video]

Wall Street swung between sharp and more modest losses on Monday as stock markets worldwide sank on concerns President Donald Trump’s tariffs may ignite a punishing trade war.The S&P 500 was down 0.9% in afternoon trading after Asian and European indexes logged worse drops. The Dow Jones Industrial Average was down 155 points, or 0.4%, as of 1:11 p.m. Eastern time, and the Nasdaq composite was 1.4% 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 …