Wall Street began the stock trading day with a mixed bag hours after President Donald Trump‘s sweeping tariffs went into effect and China stood firm on retaliatory tariffs.

The Dow Jones Industrial Average opened down more than 200 points Wednesday morning but then recovered by 300 points, while the S&P 500 dropped 20 points after open and then saw some recovery. The Nasdaq Composite was up roughly 40 points early in the trading day.

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