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Dow, S&P weighed down by tariffs while tech boosts Nasdaq

Reuters  |  NEW YORK 

By April JoynerNEW YORK (Reuters) - The S&P 500 and the Dow Jones Industrial Average slumped on Monday as the U.S. 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 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 ...

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First Published: Tue, March 13 2018. 02:11 IST