Wall Street trips as Trump’s tariff fans uncertainty
Wall Street’s main indexes slid, with software and financials being the biggest drags on the benchmarks.
Citigroup was down 5.4%, while JPMorgan Chase and Wells Fargo dropped more than 4% each.
The Dow Jones Industrial Average fell 1.6%, S& fell 1.2% and Nasdaq Composite fell 1.3%.The US Supreme Court in a Friday ruling voided most of the tariffs Trump imposed last year.
Using a different statute, Trump announced first a 10%, then a 15%, global levy that could last five months while the administration searches for more durable workarounds. Software-related companies were also among top decliners.
The S& Software and Services index was down 3.8%, extending its 23.5% drop this year over AI disruption fears .
