Апреля 24 2018


U.S. stocks close lower amid trade concerns

Апреля 24 2018, 06:55 | Alonzo Simpson

Asian Stocks Tumble as Sell-Off Over Trade Fears Continues

Asia Stocks Slump, Bonds Rise; Yen Climbs Past 105: Markets Wrap

Wall Street stocks plunged more than 700 points on Thursday after President Donald Trump hit China with tariffs on up to $60bn of goods, reviving fears of a trade war.

Fear crept into USA markets on Thursday afternoon with the Dow Jones Industrial Average plunging 723.42 points (2.94%) while the S&P 500 fell 68.24 points (2.52%).

In response to USA trade tariffs, China on Friday unveiled new import levies targeting American-made products.

The Dow Jones industrial average dropped 724.42 points to close at 23,957.89, with Caterpillar, 3M and Boeing as the biggest decliners.

The S&P 500 index declined 5.01 points, or 0.2 percent, to 2,711.93. The Nasdaq composite pulled back 2.3 percent to close at 7,166.68.

US treasury prices also gained as investors stayed risk-averse.

LONDON: The UK's top share index fell below a key level on Thursday, hit by concerns over potential trade wars and following a hawkish surprise from the Bank of England's policy meeting.

"If the Trump administration really wanted to hurt China and start a trade war, then they would go after those larger sectors", he said.

Читайте также: Tesla shares rise as stockholders approve Elon Musk's $2.6bn compensation plan

The S&P technology sector was dragged down as well over fears there might be tighter regulation on how these companies use people's data. The S&P 500 is down 3.9% for the week, 8% off its high, and well above its February 9 low.

USA stock markets plummeted today following an announcement by President Donald Trump that made official his long-rumored tariffs against China.

Overseas markets closed mostly lower. Amid fears of an apparent trade war, the Dow Jones Industrial Average was trading 103 points higher at 24,061.17, up 0.43%. It's not clear which products will be hit, but the action is aimed at curbing China's troubling theft of U.S. intellectual property. Still, Donisanu said that after last year's rally, investors are looking for new reasons to feel optimistic about stocks. The body would probe into China's unfair trade practices and would publish a list of targeted products within 15 days.

The Dow closed at 23,595, plunging 723 points, or 2.93 percent. By late morning in Japan, the benchmark Nikkei 225 index was down 3.5 percent at 20,827.92. Google-parent Alphabet fell 3.6 percent and dipped into correction territory. On Thursday, the Dow had plunged 729 points, or 3 percent, by the closing bell.

The Dow lost 5.7 percent this week, leaving it nearly 5 percent below the level where it was before Congress passed Trump's sweeping tax overhaul in late December.

"This morning markets were likely to be down because Facebook and other tech companies having difficulty and the tariff announcement just basically held buyers back, nobody wanted to step in front of the announcement just in case", said Jamie Cox, a managing partner for Harris Financial Group in Richmond, Virginia. The Commerce Ministry announced a list of US goods, including pork and aluminum pipe, that could be slapped with higher tariffs in response to the USA move. Brent crude, used to price worldwide oils, lost 66 cents, or 1 percent, to $68.41 a barrel in London. The dollar fell to 104.82 yen from 105.61 yen.

Wholesale gasoline remained at $2.01 a gallon. Core capital goods rose 1.8%, up from a 0.4% decline in January, and vs. estimates for a 0.7% gain. Heating oil added 3 cents to $2.02 a gallon.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог



Other news