Wall Street's main indexes fell more than 2% on Monday after Beijing announ...
- Wall Street’s main indexes fell more than 2% on Monday after Beijing announced plans to retaliate with higher tariffs on U.S. goods, raising fears that another round of tit-for-tat measures could push the U.S. economy toward recession.
China’s finance ministry said on Monday it planned to impose tariffs ranging from 5% to 25% on 5,140 U.S. products on a target list worth about $60 billion from June 1, striking back after U.S. raised duties last week. The tensions reverberated through global financial markets, with the yield curve between three-month U.S. Treasury bills and 10-year notes inverting for the second time in less than a week on Monday. [US/]
Traders work on the floor at the New York Stock Exchange in New York, U.S., May 13, 2019. REUTERS/Brendan McDermid At 9:55 a.m. ET the Dow Jones Industrial Average was down 518.98 points, or 2.00%, at 25,423.39, the S&P 500 was down 61.03 points, or 2.12%, at 2,820.37 and the Nasdaq Composite was down 219.42 points, or 2.77%, at 7,697.52.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street Put Way Too Much Stock In Peaceful China Trade SettlementUnless China comes out verbally in favor of removing state subsidies from favored industries, among other things, the trade war gets bigger fast.
Read more »
Wall Street extends decline as China trade worries mountU.S. stocks tumbled more than 2 percent on Tuesday as escalating trade tensions ...
Read more »
Electric Vehicles Are Better for Wall Street Than DetroitBattery-powered cars are about to hit dealerships in much greater numbers, but hold more financial promise for M&A advisors than manufacturers.
Read more »
What's moving markets today: Live updatesToday’s top business headlines with ChristineRomans before the opening bell on Wall Street:
Read more »
POLITICO Playbook: Wall Street takes stock of the tariffs, and Pompeo trades Moscow for Brussels visitWall Street is having a bit of a freakout over President Donald Trump's trade war. More in Playbook:
Read more »
Thomson Reuters profit tops Wall Street forecastsThomson Reuters Corp on Wednesday reported stronger-than-expected quarterly prof...
Read more »
Catch me if you can: Occidental jet trail sets off more speculation on Wall StreetOccidental's bid for Anadarko largely boils down to the latter's oil and gas assets in the Permian Basin, where Anadarko and Shell share acreage.
Read more »
McKesson stock up 1.3% after company posts earnings above Wall Street expectationsShares of McKesson Corp. rose 1.3% in premarket trade Wednesday after the company reported fourth-quarter earnings that beat Wall Street expectations, though...
Read more »
Wall Street set for lower open as trade talks reach crucial stageWall Street was set to extend a two-day losing streak on Wednesday, as investors...
Read more »
US-China trade; Lyft earnings; SALT conferenceToday's top business headlines with ChristineRomans before the opening bell on Wall Street
Read more »
Stock-market strategist says Wall Street should shake of Trump trade anxieties and ‘buy this dip’Fundstrat Global Advisors analyst Thomas Lee says there is reason to be a buyer in this downbeat environment.
Read more »