Wall St closes lower on trade war escalation


The Dow fell 444.23 points, or 0.99%, to 44,303.40, the S&P 500 lost 57.58 points, or 0.95%, to 6,025.99 and the Nasdaq lost 268.59 points, or 1.36%, to 19,523.40.

NEW YORK: All three US stock indices closed lower on Friday after President Donald Trump said he plans to announce reciprocal tariffs on many countries next week, following weak jobs and consumer sentiment data.

Trump did not identify which countries would be hit but suggested it would be a broad effort that could also help solve US budget problems.

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