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Markets Now: Dow Slumps 170 Points as Steel Tariffs Might Just Be the Beginning

The Dow Jones Industrial Average was sitting pretty at the end of January. The S&P 500 declined 0.6% to 2765.31, while the Dow Jones Industrial Average fell 171.58 points, or 0.7%, to 25,007.03. The Nasdaq Composite dropped 1% to 7511.01.