Stocks are edging lower in early trading on Wall Street amid investor concerns that the U.S.-China trade war may be worsening.
Investors fear that U.S. President Donald Trump's impending Sept. 1 tariff hike on more Chinese imports will scuttle talks aimed at ending their trade war. Banks and industrial stocks are leading the market lower Monday. Bank of America is down 2.4% and Citigroup is down 2.1%, while General Electric is down 2.2%.The Dow Jones Industrial Average lost 204 points, or 0.8%, to 26,079. The Nasdaq fell 53 points, or 0.7%, to 7,905.
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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.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »
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.
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »