By Avantika Chilkoti WSJ Akane Otani WSJ Mon., May 13, 2019 U.S. stocks slid Monday, extending a turbulent streak of trading, after officials in Beijing and the White House exchanged fresh threats in a trade fight that many fear could crimp growth. The Dow Jones Industrial Average fell 567 points, or 2.2%, to 25378. The S&P 500 dropped 2.2% and the Nasdaq Composite declined 2.8%. Major indexes have made a sharp retreat from records as trade tensions between the world’s two biggest economies have ratcheted higher. Chinese officials said Monday that they would raise tariffs on roughly $60 billion worth of U.S. imports, following through on threats last week to hit back at the U.S. after its own increase in tariffs went into effect. The moves showed investors that one of the biggest assumptions many had held this year could be in danger of falling apart. Many money managers had credited the stock market’s 2019 rally to a combination of easy monetary policy, steady growth in the U.S. and signs of progress in the U.S. and China’s trade negotiations. There is still time for the U.S. and China to carve out a trade agreement, analysts said, noting the two countries’… Read full this story
- China eases curbs on stock-index futures trading
- Asian stocks mixed on trade optimism, strong US data
- Amazon stock slides 10% on earnings miss
- EMERGING MARKETS-EM stocks lifted by trade optimism; Russian rouble outperforms
- Stocks rise as trade hopes return post holiday
- These were the 5 biggest days for the stock market this year
- Trading in stock index options starts
- Stocks close out best year since 2013; S&P 500 soars 28.9%
- Vietnam leads gains as most SE Asia stock markets rise on U.S-China trade deal hopes
- 'Mid & smallcaps begin to bottom out; 3 stocks that return up to 10%'
U.S. Stocks Slide on Renewed Trade Anxiety have 303 words, post on www.thestar.com at May 13, 2019. This is cached page on Asean Breaking News. If you want remove this page, please contact us.