US: Wall Street opens sharply lower on tariff worries

[NEW YORK] US stock indexes opened sharply lower on Monday (Mar 31) as investors shied away from risky assets on mounting concerns that the Trump administration’s upcoming announcement of extensive tariff plans could hurt the global economy.

At 0930 am the Dow Jones Industrial Average fell 290.65 points, or 0.68 per cent, to 41,293.25. The S&P 500 lost 56.93 points, or 1.01 per cent, to 5,524.77, and the Nasdaq Composite lost 277.34 points, or 1.58 per cent, to 17,039.68. REUTERS