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Dow, S&P turn lower as tariffs weigh on industrials

Reuters  |  NEW YORK 

By April JoynerNEW YORK (Reuters) - The S&P 500 and the Dow Jones Industrial Average fell on Monday as worries about the metal tariffs signed into law last week by President Donald Trump weighed on industrial stocks.Shares of companies such as Boeing Co , down 2.6 percent, and Caterpillar Inc , down 2.3 percent, have been under pressure as Trump's protectionist stance on steel and aluminium imports could increase costs and hamper sales abroad. Boeing and Caterpillar were the biggest decliners on the Dow.Trump last week softened his stance on tariffs by exempting Canada and Mexico, but ...

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First Published: Tue, March 13 2018. 00:55 IST