Wall Street down … Trump says no tariff relief for neighbors … US services firms’ expansion slips a bit in February

LONDON (AP) — U.S. stocks are down today and markets around the world have been wobbling as investors continue to question whether they can count on two of the main drivers that propelled markets to record heights: an expanding global economy and low interest rates. At 10:35 a.m. Eastern Time, the S&P 500 was down 9 points, to 2,682. The Dow was down 90 points to 24,450. And the Nasdaq was down 32 points, to 7,226.

WASHINGTON (AP) — President Donald Trump says North American neighbors Canada and Mexico will get no relief from his new tariffs on steel and aluminum imports unless a “new and fair” free trade agreement is signed. The Trump administration says the tariffs are necessary to preserve the American industries — and that doing so is a national security imperative. But Trump’s tweets today suggest he’s also using the upcoming tariffs as leverage in ongoing talks to revise the North American Free Trade Agreement.

HOUSTON (AP) — The boom in US oil production is expected to satisfy most of the world’s growing appetite for oil through 2023. That’s according to a new forecast by a global energy group. The International Energy Agency worries that that investment in oil exploration and production is too low. The result could be the thinnest margin of oil-production capacity over demand in more than a decade.

WASHINGTON (AP) — U.S. services firms grew more slowly in February compared with the previous month, but still expanded at a healthy clip. The Institute for Supply Management says its services index slipped to 59.5, from 59.9 in January. The January reading was the highest since 2005. Any reading above 50 signals expansion.

BENTONVILLE, Ark. (AP) — Walmart is expanding its meal kits to more than 2,000 stores this year, after initially offering them in more than 250 stores. It will offer pre-portioned meal kits, rotisserie chicken meals and one step meals. The meals feed two people and are priced between $8 and $15.

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