NEW YORK — (AP) — U.S. stocks are hanging near their records on Tuesday as Wall Street takes Donald Trump’slatest talk about tariffs in stride, even if they could roil the global economy were they to take effect.
The S&P 500 rose 0.3% in morning trading and was on track to squeak past its all-time high set a couple weeks ago. The Dow Jones Industrial Average lost 270 points, or 0.6%, from its own record set the day before, while the Nasdaq composite was 0.6% higher, as of 10:45 a.m. Eastern time.
Stock markets abroad were down, but mostly only modestly, after President-elect Trump said he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Stock indexes were down 0.1% in Shanghai and nearly flat in Hong Kong, while Canada’s main index was down 0.4%.
Trump has often praised the use of tariffs, but investors are weighing whether his latest threat …