Yahoo Finance Stocks - Wall Street Mixed as Trade War Drags On
Investing.com - Wall Street was mixed on Wednesday as investors tried to shrug off trade war concerns.
The S&P 500 rose 3 points, or 0.11%, to 2,907.48 as of 9:51 AM ET (13:51 GMT), while the Dow increased 124 points, or 0.48%, to 26,372.55 and the tech-heavy Nasdaq Composite lost 8 points, or 0.11%, to 7,947.56.
On Tuesday, China said it would impose new tariffs on U.S. goods worth $60 billion, effective Sept. 24. Officials also filed a complaint against the U.S. with the World Trade Organization, as expected.
The announcement was in response to U.S. tariffs imposed Monday of 10% on $200 billion in Chinese goods, which will go up to 25% at the end of the year. U.S. President Donald Trump previously stated that the U.S. would impose tariffs on another $267 billion of additional imports if China retaliates.
Meanwhile, White House economic adviser Kevin Hassett said that the administration was ready to move forward on a North American trade deal without Canada. He added that the end of September was the hard deadline for Canada to join in a trade deal with Mexico and the U.S.
Tesla (NASDAQ:TSLA) rose 0.94% after news that the U.S. Department of Justice is investigating Chief Executive Elon Musk’s tweets in August that he had “funding secured” to take the company private. Medical marijuana company Tilray (NASDAQ:TLRY) surged 25.32%, while Netflix (NASDAQ:NFLX) gained 1.50% and Boeing (NYSE:BA) rose 1.03%.
Elsewhere, Apple (NASDAQ:AAPL) fell 0.52%, while Amazon.com (NASDAQ:AMZN) was down 0.88%.
In Europe stocks were up. Germany’s DAX rose 33 points, or 0.28%, while in France the CAC 40 increased 24 points, or 0.45%, and in London the FTSE 100 was up 45 points, or 0.62%. Meanwhile, the pan-European Euro Stoxx 50 gained 7 points, or 0.21%, while Spain’s IBEX 35 surged 33 points, or 0.36%.
In commodities, gold futures rose 0.35% to $1,207.10 a troy ounce, while crude oil futures jumped 0.47% to $69.92 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, edged up 0.03% to 94.25.
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