[NEW YORK] Wall Street stocks finished a volatile session solidly lower Friday as worries over US-China trade relations more than offset strong consumer data and other more conciliatory trade developments.The broad-based S&P 500 dropped 0.6 per cent to close at 2,859.53, while the tech-rich Nasdaq Composite Index tumbled 1.0 per cent to end at 7,816.28.
Worries about China ultimately outweighed two other conciliatory steps by President Donald Trump on Friday on trade: the lifting of steel tariffs on Canada and Mexico, and a six-month delay on tariffs on auto imports that have worried Europe and Japan. Among individual companies, Deere & Company plunged 7.7 per cent after lowering its financial forecast for the year, citing"softening conditions" in the agricultural sector - which has been hit hard by Chinese retaliation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tokyo: Stocks close lower over US-China trade row worries[TOKYO] Tokyo stocks closed down on Thursday, despite more conciliatory messages from Washington on trade as investors remained worried about how the US-China row will develop. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: US-China trade gloom casts heavy shadow on stocks[BENGALURU] European stocks snapped a three-day winning streak on Friday amid global trade jitters after Beijing ratcheted up its war of words with Washington, while the end of Brexit talks between British political parties put a lid on risk sentiment. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Asian stocks, yuan fall as US-China seen deadlocked in trade talksSYDNEY: U.S. stock futures fell and Asian shares slipped on Monday on growing uncertainty over whether the United States and China will be able to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Europe: Stocks drop as China ups stakes in trade war with US[BENGALURU] European stocks continued their decline on Monday, on the heels of this year's biggest weekly loss, as an escalation in the US-China trade war battered sentiment and prompted investors to shift into safer bets. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
European stocks tumble as US, China exchange trade war salvosLONDON: European stock markets came under intense pressure on Monday (May 13) from new eruptions in the US-China trade war, while oil rallied on ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Europe: Stocks regain ground, hoping for smoother US-China trade[MILAN] European shares gained on Tuesday, recovering most of the previous session's losses, as optimistic comments from Washington and Beijing helped soothed investors' fears about the top two economies' intensifying trade spat. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »