US: Stocks end lower on Trump's new China tariffs, Dow -1.1%

[NEW YORK] Wall Street stocks finished decisively lower on Thursday, with many retailers tumbling, after President Donald Trump announced a new round of tariffs on Chinese goods.

The broad-based S&P 500 slid 0.9 per cent to 2,953.56, while the tech-rich Nasdaq Composite Index dropped 0.8 per cent to 8,111.12. Amazon and Walmart, which are seen as having more clout with suppliers, also declined, but by less than one per cent.

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