Wall St drops over 1 percent on Trump tariff fears

NEW YORK (Reuters) - The S&P 500 registered a third straight day of more than 1 percent declines on Thursday after President Donald Trump said the United States would impose import tariffs on steel and aluminum, raising concern about higher prices and a trade war.

The Dow Jones Industrial Average <.DJI> fell 420.22 points, or 1.68 percent, to 24,608.98, the S&P 500 <.SPX> lost 36.22 points, or 1.33 percent, to 2,677.61 and the Nasdaq Composite <.IXIC> dropped 92.45 points, or 1.27 percent, to 7,180.56.

(Reporting by Caroline Valetkevitch; Editing by James Dalgleish)