[NEW YORK] President Donald Trump's shock decision ending a trade truce with China sent US stocks lower on Friday, with two major indices posting their biggest weekly losses of the year.
The benchmark Dow Jones Industrial Average fell 0.4 per cent on the day to 26,485.01, losing 2.6 per cent for the week. Shaw Cruz, manager of trader strategy at TDAmeritrade, told AFP the trade war news had investors fearing a hit to corporate profits later this year.
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.
US stocks end lower on Trump's new China tariffsNEW YORK: Wall Street stocks finished decisively lower on Thursday (Aug 1), with many retailers tumbling, after President Donald Trump announced a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
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. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Europe: Stocks open lower as US rate cut disappoints[LONDON] European stock markets opened lower Thursday, finding no support in the US central bank's widely expected interest rate cut, dealers said. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Dollar dazzles after US rate cut as stocks falterLONDON: The dollar pushed higher on Thursday (Aug 1) after the US Federal Reserve cut rates for the first time in a decade but left investors ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Tokyo: Stocks down nearly 2% on US tariffs on China[TOKYO] Tokyo stocks opened sharply lower on Friday, with investor sentiment hit by global sell-offs over US President Donald Trump's new tariffs on China and the yen's rise against the dollar. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Tokyo: Stocks end down over 2% on US tariffs on China[TOKYO] Tokyo stocks closed down more than two per cent on Friday, hit by worries about the US-China trade war and the yen's rise against the dollar. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »