Dow, S&P Weighed Down By Tariffs While Tech Boosts Nasdaq

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The S&P 500 and the Dow Jones Industrial Average slumped on Monday as the US tariffs signed into law last week by President Donald Trump weighed on industrials, though gains in tech stocks boosted the Nasdaq.

 

Shares of companies such as Boeing Co , down 2.9 percent, and Caterpillar Inc , down 2.4 percent, have been under pressure as Trump's protectionist stance on steel and aluminum imports could increase costs and hamper sales abroad. Boeing and Caterpillar were the biggest decliners on the Dow.

 

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