Wall Street slides on Tillerson exit, tariff worries

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NEW YORK (Reuters) – Wall Street’s major indexes fell on Tuesday as the dismissal of U.S. Secretary of State Rex Tillerson and the possibility of additional U.S. import tariffs against China dragged down stocks across sectors.

Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 2, 2018. REUTERS/Andrew Kelly

President Donald Trump fired Tillerson after a series of public rifts over issues including North Korea and Russia. Trump has appointed CIA Director Mike Pompeo, seen as loyal to the president, to replace Tillerson. To lead the CIA, the president has tapped Gina Haspel, the agency’s deputy director.

“Any time there’s change, investors get nervous,” said John Carey, portfolio manager at Amundi Pioneer Asset Management in Boston. “They have to go back to the drawing board to figure out what the implications might be.”

Still, Carey said, at least the nominees to lead the State Department and the CIA are…



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