Stock Market Takes A Hit Due To Trump's Travel Ban

CNBC ---- Stocks tumbled Monday after President Donald Trump signed an executive order last week restricting travel for individuals from seven Muslim-majority countries. Several market watchers say the move points to protectionist policies on trade down the line, which could be bad news for many large American companies. "Markets are taking this as a sign that this protectionism is quite real; markets are selling off," Todd Gordon of TradingAnalysis.com said Monday on CNBC's "Trading Nation." Trump's election win spurred a great deal of market optimism, which many credited to his proposed policies on corporate taxes, regulations and infrastructure. However, immigration and trade issues appear to have taken the spotlight, and the odds of a major tax cut or a significant infrastructure bill appear to be sliding -- particularly as Trump's travel ban proves divisive even among congressional Republicans. To learn more about the stock market taking a hit due to Trump's travel ban click on the pictures below to read the articles.