U.S. stocks skid to an intraday late-morning Friday, with major indexes heading for their worst weekly return this year after the Trump administration raised...
U.S. stocks skidded to an intraday late-morning Friday, with major indexes heading for their worst weekly return this year after the Trump administration raised import duties on $200 billion in Chinese goods.
What’s driving the market? Trade tensions were front and center on Friday as President Donald Trump’s increased tariffs as of 12:01 Eastern time Friday, with Beijing vowing to retaliate.Two-day U.S.-China trade negotiators resumed Friday, but little progress has been made thus far, according to reports.Trump voiced frustration over the pace of talks with China in recent days, with the president accusing Chinese officials of reneging on commitments made in previous negotiations.
Shares of Symantec Corp. SYMC, -15.47% were under pressure before the start of trade Friday, after the firm reported an earnings miss and downbeat guidance on Thursday evening, and said that CEO Greg Clark had left his role. The stock fell 16.7% early Thursday At 2 p.m. Eastern Time, the Treasury Department will announce the size of the federal budget deficit or surplus for the month of April.
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