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Stocks suffer worst day in weeks as Trump’s trade threats rattle; Dow ends below key level

Stocks suffer worst day in weeks as Trump’s trade threats rattle; Dow ends below key level

U.S. stocks closed sharply lower Monday, with major indexes seeing their biggest one-day drop in weeks and the Dow bearishly closing below a closely watched level for the first time in two years as fresh threats from President Donald Trump against U.S. trading partners underlined how the risk of protectionist policies has not left the market. The day’s losses were widespread, with 26 of the Dow’s 30 components ending lower, along with nine of the 11 primary S&P 500 sectors. The Dow also ended below its 200-day moving average, a closely watched gauge of an asset’s long-term momentum trends.