LIVE MARKETS-US stocks tripped up by more tariffs

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US STOCKS TRIPPED UP BY MORE TARIFFS

Wall Street is lower early on Monday after President Donald Trump rekindled worries about the ramifications of a global trade war by introducing new tariffs, with focus also on the Federal Reserve's monetary policy decision later this week.

On Sunday, Trump announced a 100% tariff on movies produced outside the U.S., but offered little clarity on how the levies would be implemented.

Nearly all S&P 500 .SPX sectors are red with energy .SPNY, off around 2%, taking the biggest hit. This with NYMEX crude futures CLc1 sliding after OPEC+ decided over the weekend to further speed up oil output hikes, spurring concerns about more supply coming into a market clouded by an uncertain demand outlook.

Industrials .SPLCRI are just above the flat line.

Under the surface, big banks .SPXBK and transports .DJT are edging positive. Gold stocks .HUI are gaining.

Here is a snapshot of where markets stood around 10:08 a.m. EDT:

(Terence Gabriel)

MONDAY'S EARLIER LIVE MARKETS POSTS:

AI, HUMANOIDS AND THE NEXT TRILLION-DOLLAR TECH RACE CLICK HERE

MOMENTUM MAKES A MOVE CLICK HERE

WHAT TO EXPECT FROM GERMANY'S NEW CHANCELLOR CLICK HERE

GRAPPLING WITH "DISTORTED AND CONFUSED" MACRO SIGNALS CLICK HERE

EARNINGS MISSES PUNISHED BY MOST IN 20 YEARS CLICK HERE

EUROPEAN SHARES MIXED, ENERGY LAGS CLICK HERE

EUROPE BEFORE THE BELL: FUTURES NUDGING HIGHER CLICK HERE

TAIWAN DOLLAR LEAPS; BUFFETT TO STEP DOWN CLICK HERE