Nasdaq erases all the gains since the election in bruising day

Trump signed the order to increase tariffs on China to 20% from 10% but didn’t yet sign them on Canada. That last-minute note led to some last-second buying that lifted stocks from the lows. Despite that, it was a rough day for stocks, with tech and small caps hit particularly hard.

• S&P 500 down 1.75%
• Nasdaq Comp -2.6%
• Russell 2000 -2.8%
• DJIA -1.4%
• Toronto TSX Comp -1.5%

The Nasdaq is below where it was on election night.

This article was written by Adam Button at www.forexlive.com.