Following President Trump’s decision to increase tariffs to 25% from 10% on $200 billion in annual imports from China, which went into effect Friday, China said it would set 25% tariffs on $60 billion in annual imports from the U.S. on June 1.• Trump says China is making a losing bet that he’ll be beaten in 2020The Dow Jones Industrial Average DJIA, -2.74% was down 574 points at noon ET, recovering from a 2.5% beating earlier in the trading session. The S&P 500 Index SPX, -2.
Apple AAPL, -5.95% led the Dow Jones Industrial Average lower on Monday, with a decline of more than 5%. The iPhone maker had reported a 22% decline in sales in China for the quarter ended March 30 from a year earlier on April 30. More recently, the U.S. Supreme Court ruled that consumers can proceed with an antitrust lawsuit against the tech-giant’s marketplace for iPhone apps.You can click the tickers for more coverage of each company, including news, price ratios, ratings and financials.
Among the S&P 500, all but 46 stocks were down. Even the best performer, Newmont Mining NEM, +2.40% was up only 1.6%. Here are the 10 worst performers in the S&P 500 at noon ET:Don’t miss: Here’s one health-insurance choice that can save you money now and make you even more laterProviding critical information for the U.S. trading day. Subscribe to MarketWatch's free Need to Know newsletter. Sign up here.
Philip van Doorn Philip van Doorn covers various investment and industry topics. He has previously worked as a senior analyst at TheStreet.com. He also has experience in community banking and as a credit analyst at the Federal Home Loan Bank of New York.
TrumpsTariffs are a winning strategy. Not.
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