Nasdaq Composite slips by 0.2%

1 BUSINESS

Business News - Opportunities - Reviews

 

 


Breaking

Intensifying trade-war fear drives Dow, S&P 500 to 3rd straight drop; Boeing weighs

U.S. stocks closed lower on Wednesday, with the Dow and S&P 500 suffering their third straight daily decline as investors continued to fret over potential change to trade policy. Based on preliminary closing figures, the Dow Jones Industrial Average fell 245 points, or 1%, to 24,762. The S&P 500 lost 16 points, or 0.6%, to 2,750. The Nasdaq Composite Index fell 14 points to 7,497, a decline of 0.2%. The day’s losses were widespread, with nine of the 11 primary S&P 500 sectors ending down on the day. Among the biggest decliners were materials and industrial stocks, both of which are seen as having an outsize exposure to trade issues. The issue of increased protectionism resurfaced after President Donald Trump announced that his administration will seek to trim the U.S.’s trade deficit with China by $100 billion via tariffs. Seeing a particular decline was Boeing Co. , which dropped 2.5% after a report in the New York Times suggested the planemaker was a prime target for China to retaliate against in the event of a full-blown trade war.

1 BUSINESS

Business News - Opportunities - Reviews

 

 

Leave a Reply