Stocks were the first casualty of President Trump’s cancellation of his planned summit with North Korean leader Kim Jong Un Thursday.
The Dow Jones industrial average slumped more than 200 points, nearly 1 percent after the news broke.
Trump called off the scheduled June 12 meeting in Singapore, citing “the tremendous anger and open hostility” in recent comments from North Korean officials.
Thursday’s stock market dip also followed news late Wednesday that the Trump administration would explore the possibility of raising tariffs on auto imports on national security grounds.
