LIVE MARKETS-Nasdaq slides as Trump levies tariffs, as promised

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

NASDAQ SLIDES AS TRUMP LEVIES TARIFFS, AS PROMISED

The three major U.S. stock indexes are under pressure in early Monday trading, led by a more than 1.5% decline in the Nasdaq composite .IXIC, in a broad selloff after President Donald Trump levied steep tariffs on Mexico, Canada and China, as promised, sparking worries about higher prices and a trade war.

Most S&P 500 sectors are lower, with consumer discretionary .SPLRCD and tech .SPLRCT down the most.

Among industries seen most affected, auto stocks are down sharply. General Motors GM.N shares are off 4.5% in early trading, while Ford Motor F.N is down 2.6%.

Shares of beer and wine producer Constellation Brands STZ.N are down 3.8%.

Trump had been warning about announcing tariffs since his election campaign.

Here is a morning snapshot:

(Caroline Valetkevitch)

FOR MONDAY'S EARLIER LIVE MARKETS POSTS:

TRADERS CHECK THEIR CHARTS AS THEY BRACE FOR ANOTHER MONDAY MORNING ROUT - CLICK HERE

DRINK UP! TARIFF IMPLICATIONS FOR EUROPE'S BEVERAGE MAKERS - CLICK HERE

WHAT IF THE U.S. REAL TARGET IS JUST CHINA? - CLICK HERE

MEANWHILE, EARNINGS REMAIN REASSURINGLY CALM - CLICK HERE

SOME SIMULATIONS ON POSSIBLE FOREX MOVES - CLICK HERE

TRUMP TARIFFS SEND STOXX LOWER; AUTOS SECTOR LAGS - CLICK HERE

EUROPE BEFORE THE BELL: TRADE WAR UNDERWAY - CLICK HERE

TRUMP TARIFF REALITY UNNERVES MARKETS - CLICK HERE