Nasdaq confirms correction amid US trade policy uncertainty


The Dow fell 427.51 points, or 0.99%, to 42,579.08, the S&P 500 lost 104.11 points, or 1.78%, to 5,738.52 and the Nasdaq lost 483.48 points, or 2.61%, to 18,069.26.

NEW YORK: Wall Street stocks finished lower on Thursday, with the Nasdaq confirming it has been in a correction since December, weighed down by market jitters over the current uncertainty surrounding US trade policy.

President Donald Trump announced on Thursday that goods from Canada and Mexico covered by the US-Mexico-Canada trade agreement (USMCA) will be exempted for a month from the 25% tariffs imposed earlier this week. The development comes a day after Trump exempted automotive goods from the tariffs.

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