US Close 25 May 18: Trump says ”no” to summit

US sharemarkets fell after US President Trump cancelled a planned summit with North Korean leader Kim Jong-un. US carmakers Ford (+1.6%) and General Motors (+1.4%) both gained on the increased possibility of US tariffs on European and Asian car imports. Retailer Best Buy's shares fell by 6.7% after the company reported a slowdown in quarterly online sales. The Dow Jones fell 280 points earlier in the session, eventually ending down by 75 points or 0.3%. The S&P 500 index fell by 0.2% and the Nasdaq index fell by just 1.5 points or 0.02%

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