News Formal

Stocks drop to begin September amid new US-China tariffs, weak US manufacturing data

  • 📰 CNBC
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The stock market finished in the red on the first trading day of September. The Dow dropped by 283 points as new China tariffs took effect this weekend and weak U.S. manufacturing data was reported. The S&P 500 lost 0.7% while the Nasdaq fell 1.1%.

Equities hit their session lows after the Institute for Supply Management said U.S. manufacturing activity contracted last. The Dow lost as much as 1.6%, or 425.06 points. The S&P 500 and Nasdaq briefly dropped 1.2% and 1.5%, respectively.

The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from Sept. 1. It marked the"That adds to the concerns on whether there is a viable path for negotiation," said Quincy Krosby, chief market strategist at Prudential Financial. "The market is vulnerable to these moves on misery and optimism regarding the talks."

Retail stocks fell broadly. The SPDR S&P Retail ETF closed 1.5% lower, led by declines in Signet Jewelers and Guess. Signet dropped 9.5% while Guess lost 8.1%. Chipmakers such as Nvidia and Skyworks Solutions fell 2% and 1.5%, respectively. Boeing and Caterpillar both declined more than 1.6% while Apple lost 1.5%. Boeing was also under pressure after a report said the 737 Max jet could remain

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Why r leaders allowing Brokeahontas realDonaldTrump 2 lie his tariff war working & US has $$ gained? Trump inherited strong market & economy from BarackObama but he’s destroying it.. deficit growing & farmers suffering! crampell business kevtibs DNC

LittleDonnie was a BAD BOY to play with the grown-up Mr Obama's Bull Market and bweak it.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Asia stocks set to trade lower as new US-China trade tariffs go into effectStocks in Asia were set to decline at the open on Monday as the latest round of U.S. and China tariffs kicked into effect over the weekend.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Stocks shiver as new U.S.-China tariffs add to global gloomGlobal stock prices fell on Monday after the United States and China imposed new... On the other blinding spectrums’ Bull shit arises’ for ares’ the connections connector🚬 Kudos to your tweet/headline writer.
Källa: Reuters - 🏆 2. / 97 Läs mer »

Stocks slip as new U.S.-China tariffs add to growth risksGlobal stock prices fell on Monday after the United States and China imposed new... is this trickledowneconomics?
Källa: Reuters - 🏆 2. / 97 Läs mer »

Asian stocks mixed after US, China impose new tariff hikesMost Asian markets fell on Monday as fresh Chinese and US tariffs on goods worth hundreds of billions of dollars kicked in.
Källa: trtworld - 🏆 101. / 63 Läs mer »

Stocks fall at the open as U.S. and China tariffs kick inU.S. stocks sold off at the open after the U.S. and China tariffs on one another's imports officially kicked in on Sept. 1. The S&P 500 fell 0.7% to...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Asian stocks mixed after US, Chinese tariff hikesBEIJING (AP) — Asian stocks were mixed Monday after Washington and Beijing escalated their trade war with new tariff hikes. Shanghai advanced while Tokyo and Hong Kong declined. South... want to visit Shanghai
Källa: AP - 🏆 728. / 51 Läs mer »