Stocks move broadly lower as trade war anxiety lingers

Banks and technology companies drove a broad slide in stocks on Wall Street Monday afternoon that knocked the Dow Jones Industrial Average more than 300 points lower.

Traders shifted money into U.S. government bonds Monday, sending bond prices higher. That pulled down the yield on the 10-year Treasury to 1.65% from 1.73% late Friday. The yield is used as a benchmark for interest rates on mortgages and other consumer loans. Real estate and utilities stocks posted the smallest declines. Traders usually seek the shelter of utilities and bonds when they want a more secure place to put their money because of concerns over economic growth.

KEEPING SCORE: The S&P 500 index was down 1% as of 2 p.m. Eastern time. The Dow Jones Industrial Average fell 316 points, or 1.2%, to 25,970. The Nasdaq composite dropped 1%. The Russell 2000 index of smaller companies fell 1.1%. Trump has said he'd be"fine" if the U.S. and China don't go ahead with a meeting next month, dampening investors' hopes for a path to resolving the economically damaging trade war.

FEEDING GROWTH: Sysco rose 3.5% after the food distributor beat Wall Street's fiscal fourth quarter profit forecasts. The company's revenue edged higher on growth from its U.S. operations.

My RMD will be lower this year.

😢😢

Thankfully this doesn't affect the lower and middle class! Huh. That would be a disaster eh? Wait...

We're sure showing the Chinese who's boss.

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.

Markets Right Now: Stocks opening lower on Wall StreetMARKETS: Stocks edge lower in early trading on Wall Street amid investor concerns that the U.S.-China trade war may be worsening.
Source: ABC - 🏆 471. / 51 Read more »

Wall Street analysts worry these stocks are caught in the deepening US-China trade warCNBC combed through Wall Street research to see which stocks would be hurt most by the ongoing US-China trade war.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks Edge Lower Amid Hong Kong Protests, Trade WoesU.S. stock futures edge down as escalating tensions between Chinese authorities and protesters in Hong Kong add to investors’ global trade concerns. China has vowed a merciless crackdown on demonstrators. realDonaldTrump take note: do this to the next round of PussyHat protestors: 'merciless crackdown.' Trump2020 Terrible analysis. Hong Kong people have lost their ability to prosper, they only love violent demonstrations, why not concentrate on economic development? Hong Kong is no longer rich and powerful. Shanghai will replace Hong Kong's economic power.
Source: WSJ - 🏆 98. / 63 Read more »

Blockchain Company Breaker Nabs Rights to ‘Bad Banks’Breaker, the blockchain-enabled entertainment platform, is getting into the television game. The company has added six-part miniseries “Bad Banks” to its library of film and music title…
Source: Variety - 🏆 108. / 63 Read more »

European stocks set for higher open despite lingering trade concernsEuropean stocks are set to open higher on Monday following a volatile week for global markets as investors monitor escalations in the U.S.-China trade war.
Source: CNBC - 🏆 12. / 72 Read more »