Markets in the US posted wide losses on Monday as executive orders by President Donald Trump on immigration created uncertainty among investors and drove volatility.
Energy stocks fell 1.9% on the Standard & Poor’s 500 to lead losses among the 11 sectors, all of which were in the red. Financials fell 1.2% and industrials retreated 1.1% as airline stocks dragged.
Travel bans on nationals from seven countries in the Middle East and Africa along with the suspension of the country’s admission of refugees from Syria prompted widespread protests and confusion at airports around the world.
American Airlines (AAL) fell 5.6% in one of the steepest losses on the S&P while Delta Air Lines (DAL) lost 3.9% after technical problems caused delays and flight cancellations.