Wall Street’s main indexes opened sharply lower on Monday, with the S&P 500 on track to confirm bear market territory, as investors sought refuge in government bonds on economic worries over the fallout of U.S. President Donald Trump’s sweeping tariff plans.

At 09:31 a.m. the Dow Jones Industrial Average fell 1,212.98 points, or 3.17%, to 37,101.88, the S&P 500 lost 181.37 points, or 3.57%, to 4,892.71, and the Nasdaq Composite lost 623.23 points, or 4.00%, to 14,964.56.

– Reuters