Yahoo Finance Stocks - Wall Street Mixed as China-U.S. Trade War Escalates
Investing.com - Wall Street fell on Tuesday as worsening Sino-U.S. trade relations weighed on investor sentiment.
The S&P 500 fell 2 points, or 0.07%, to 2,875.08 as of 9:59 AM ET (13:59 GMT), while the Dow decreased 29 points, or 0.11%, to 25,832.05 and the tech-heavy Nasdaq Composite gained 8 points, or 0.11%, to 7,932.43.
U.S. President Donald Trump threatened on Friday to impose tariffs on almost all Chinese imports, or about $467 billion in goods.
Meanwhile, China is planning to ask the WTO for permission to impose sanctions on the U.S., according to a WTO meeting agenda. Beijing will formally place the request next week, as an apparent response to remarks from Trump. Chinese officials had previously stated they would retaliate on any trade moves from Washington.
Among individual stocks, luxury car maker Tesla (NASDAQ:TSLA) was among the hardest hit, slumping 2.37%, while Apple (NASDAQ:AAPL) lost 0.42% and Amazon (NASDAQ:AMZN) fell 0.68%. Speaker maker Sonos (NASDAQ:SONO) tumbled 18.28% after its first quarterly earnings reports was worse than expected, while Boeing (NYSE:BA) inched down 0.56%.
Elsewhere, Facebook (NASDAQ:FB) rose 0.27%, while Nike (NYSE:NKE) rose 1.18% and Twitter (NYSE:TWTR) gained 1.21%.
In Europe stocks were down. Germany’s DAX fell 72 points to 0.61%, while in France the CAC 40 decreased 20 points, or 0.39%, and in London the FTSE 100 was down 42 points, or 0.58%. Meanwhile, the pan-European Euro Stoxx 50 lost 18 points, or 0.57%, while Spain’s IBEX 35 slumped 46 points, or 0.50%.
In commodities, gold futures fell 0.57% to $1,193.00 a troy ounce, while crude oil futures increased 0.22% to $67.69 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, gained 0.17% to 95.28.
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