The three major U.S. stock markets opened lower on Monday morning but saw gains later in the morning amid uncertainty over recent tariff announcements.
The Dow Jones Industrial Average led the way with an initial 1,600-point drop but entered positive territory at around 10 a.m. local time.
But as of 10:45 a.m., the Dow was down 700 points, while the Nasdaq Composite shed 0.6 percent and the S&P 500 dropped about 1 percent.
Elsewhere, stocks in Hong Kong plunged 13.2 percent for their worst day since 1997. A barrel of benchmark U.S. crude oil briefly dropped below $60 for the first time since 2021, and bitcoin sank below $78,000, down from its record above $100,000 set in January, after holding steadier than other markets last week….