Stocks open lower on Wall Street as worries linger over trade war and Trump-Powell rift


Source: bradfordtoday.ca bradfordtoday.ca

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NEW YORK (AP) — U.S. stocks are falling as investors worldwide pull away from the United States because of the uncertainty caused by President Donald Trump’s trade war. The S&P 500 was 1% lower in early trading Monday and 14.9% below its record set two months ago. The Dow Jones Industrial Average was down 287 points, and the Nasdaq composite was 1.4% lower. Treasury bonds and the value of the dollar also sank as a retreat continues from U.S. markets. Worries are also hanging over the market about Trump’s anger at Federal Reserve Chair Jerome Powell. Trump last week criticized...