dropped 1.96% to 7,963.76. All 30 of Dow components fell and all 11 S&P sectors traded lower in the broad sell-off.
"We still see a trade war as low probability given the next tranche of tariffs would hit US consumer goods, but nevertheless it would have a big negative impact," he said.tweeted he would raise current tariffs 10% on $200 billion of Chinese goods to 25% on Friday. He also threatened to impose an extra 25% levy on another $325 billion of Chinese goods "shortly."
But Lighthizer's comments dashed those hopes. The selling on Tuesday accelerated after the Dow broke through Monday's lows., a measure of the 30-day implied volatility of the S&P 500 known as the "VIX" or the "fear gauge," hit a fresh high of 21.09 on Tuesday, its highest level since January 22.
zOMG WE ARE ALL GONNA DIE
SoMuchWinning
Traders throwing a hissy fit...China had it coming:
We need to stand strong as a country. If China thinks we are divided it will wait us out & not cave. A little patriotism please.
Excellent!
Sell in May and Go Away ...
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Source: USATODAY - 🏆 100. / 63 Read more »
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Source: USATODAY - 🏆 100. / 63 Read more »
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Source: CNBC - 🏆 12. / 72 Read more »
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