Stocks Opened Lower amid New Tariff Threat on EU Goods

U.S. stocks opened slightly lower on Tuesday as investors considered the prospect of new tariffs on goods produced in the European Union. The Dow Jones Industrial Average lately fell 54.71 points, or 0.20%, to 26,662.72. The S&P 500 slipped 2.74 points, or 0.09%, to 2,961.59. The Nasdaq Composite was down 7.00 points, or 0.09%, to 8,084.17.

Oil futures prices slipped Tuesday, with investors unable to shake demand worries tied to a vulnerable global economy and trade. August West Texas Intermediate crude slipped 12 cents, or 0.2%, at $58.98 a barrel. September Brent was at $64.84, down 28 cents, or 0.4%.

After market close on Monday, the U.S. threatened to slap tariffs on about $4 billion worth of EU goods amid an ongoing World Trade Organization (WTO) case over the bloc’s subsidies of Airbus SE (AIR.PA).

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