The Dow Jones Industrial Average notched a third day of hefty losses as investors continued to weigh the implications of an escalating trade war with China. The Dow DJIA, -0.37% closed at 26,461, down about 98 points or 0.4%. The Dow was down as much as 300 points midday. The S&P 500 SPX, -0.
73% finished the day at 2,932, down 22 points or 0.7%. The Nasdaq COMP, -1.32% lost 108 points - 1.3% - and closed at 8,004. The losses in the stock market came even as the Labor Department announced a solid pace of hiring in July. Dow component Exxon Mobil Corp. XOM, -0.98% weighed on that index, as shares fell 1% after the company missed Wall Street expectations.
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks fall sharply, giving up early gains, after Trump imposes fresh tariffs on ChinaStocks fell sharply early afternoon Thursday after President Donald Trump said the U.S. would impose an additional 10% tariff on Chinese imports to the U.S.,... 'It is my way or the highway' from Trump is going to severely hurt the economy.
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks plunge after Trump takes his trade war with China to a new levelPresident Trump said he planned to impose an additional 10% tariff on $300 billion worth of Chinese exports in a tweet on Thursday. Dude pictured looks like he’s about to bust a line out 🤣🤣🤣
Source: BusinessInsider - 🏆 729. / 51 Read more »
US stocks are set for more pain as fears of Trump's trade-war grip markets againAsian and European stocks plunged on Friday, following a US rout on Thursday, after Trump's threat of more tariffs. US stocks are set to fall again. Trump is destroying our economy...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stocks are headed for their worst week of 2019 after Trump's latest trade-war escalationThe Dow Jones industrial average, S&P 500 index, and Nasdaq composite all slid during intraday trading on Friday. Buying. Opportunity.
Source: BusinessInsider - 🏆 729. / 51 Read more »
European stocks seen lower after Fed dampens easing expectationsEuropean stocks are seen slightly lower Thursday as traders process a more hawkish tone from the U.S. Federal Reserve and await the Bank of England's Monetary Policy Committee (MPC) meeting.
Source: CNBC - 🏆 12. / 72 Read more »
U.S. markets gyrate after Fed cuts rates, stocks fallWall Street turned negative after Federal Reserve Chairman Jerome Powell in a pr... U.S. markets twerk after Fed cuts rates, stocks drop to the flo Powell's conference is supposed to manage expectations! In the past chairmen were smarter & more cautious! powell is a bad communicator and one misunderstanding can cost billions! POTUS Bet they will go up tomorrow!
Source: Reuters - 🏆 2. / 97 Read more »