Dow falls 1 percent at open after Cohn’s exit


(Reuters) – The Dow Jones Industrial Average opened 1 percent lower on Wednesday as the exit of free trade backer Gary Cohn triggered concerns that President Donald Trump may move ahead with his threat to impose hefty metal tariffs and ignite a global trade war. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 2, 2018. REUTERS/Andrew KellyThe Dow Jones Industrial Average .DJI fell 289.31 points, or 1.16 percent, to 24,594.81. The S&P 500 .SPX lost 23.65 points, or 0.87 percent, to 2,704.47. The Nasdaq Composite .IXIC dropped 59.74 points, or 0.81 percent, to 7,312.27. Reporting by Sruthi Shankar in Bengaluru; Editing by Sriraj KalluvilaOur Standards:The Thomson Reuters Trust Principles.
Source: Reuters