Wall Street’s main indexes fell more than 2 per cent 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.The Dow Jones Industrial Average fell 560.03 points, or 2.16%, to 25,382.34, the S&P 500 lost 61.84 points, or 2.15%, to 2,819.56 and the Nasdaq Composite dropped 222.72 points, or 2.81%, to 7,694.22.
China’s finance ministry said on Monday it planned to impose tariffs ranging from 5 per cent to 25 per cent on 5,140 U.S. products on a target list worth about US$60 billion from June 1, striking back after U.S. raised duties last week. The S&P 500 on Friday racked up its worst weekly decline since December, as Washington raised tariffs on Chinese goods worth US$200 billion to 25 per cent from 10 per cent.
U.S. equities hit record highs just two weeks ago on hopes of a trade deal and a positive first-quarter earnings season. The S&P 500 was trading 4.4 per cent below its all-time high close.
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
‘This just got messier and more expensive’ — China’s trade pushback is sending stocks deep into the redTech stocks taking the biggest hit This will only hurt China in the long run, anyone have a problem with that? I didn’t think so.... There's a possible solution to Canada's tensions with China. Help China solve her Veteran's protests, problems and issues.
स्रोत: nationalpost - 🏆 10. / 80 और पढो »
Loonie up after record jobs report, stocks down amid U.S.-China trade talksThe Canadian dollar traded higher after Statistics Canada reported record job growth in April, while stocks came under pressure as the U.S. and China failed to reach a deal on trade before a tariff deadline today. Oh yes one half of a percent come on we are not stupid One step up, then Two steps down. Not a good trend. The Canadian Peso
स्रोत: CTVNews - 🏆 1. / 99 और पढो »
Why the market is looking vulnerable to shocks, tough times for a former TSX tech darling, and 21 oversold stocksMarket at risk of shocks amid trade turbulence, two sagging TSX-listed companies, and 21 oversold stocks GlobeInvestor
स्रोत: globeandmail - 🏆 5. / 92 और पढो »
New cannabis hedge fund aims to go long on U.S. stocks, short CanadaCanadian LPs ‘have one hand tied behind their back’ because of the country’s stringent marketing restrictions, fund partner says
स्रोत: nationalpost - 🏆 10. / 80 और पढो »
Asia stocks mostly higher after Trump trade threatAsian stock markets rebounded Tuesday after Beijing said trade negotiators were preparing to go to Washington despite President Donald Trump's threat to escalate their tariff war.
स्रोत: CTVNews - 🏆 1. / 99 और पढो »
Trade turbulence shows market vulnerability as U.S. stocks get pricierTrade turbulence shows market vulnerability as U.S. stocks get pricier GlobeInvestor
स्रोत: globeandmail - 🏆 5. / 92 और पढो »