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Stock Market Today: Dow closes lower, S&P 500 and Nasdaq fall after Trump threatens tariffs on EU and Apple; Treasury yields and U.S. dollar decline
President Trump's threat of 50% tariffs on European goods, starting June 1, were in focus ahead of the long U.S. holiday weekend. Trump also warned Apple that it faces a potential levy relating to its iPhone.
Investors worried about the US debt pile are weighing the House vote to approve President Trump's "big, beautiful" tax bill.
The Dow closed lower by 817 points, or 1.91%. The broader S&P 500 slid 1.61% and the tech-heavy Nasdaq Composite fell 1.41%.
President Trump lashed out at Apple CEO Tim Cook as he wielded more tariff threats against the European Union pressuring U.S.
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