Stock dive as trade tensions heat up between USA and China

S&P 500 Bears Make Way for Bulls

For the week, the Dow lost 170 points, or 0.7%, to 23,932.76.

Chipmakers, many of which have the highest revenue exposure to China among S&P 500 companies, also fell. That came with the USA considering duties on an additional $100 billion in goods imported from China.

"Markets are forced to confront the idea that rates are going up and the stock market is not going to derail that process", McMillan said. "We're not quite sure what the long-term strategy is". The Dow is down 10.1% from its January closing high, technically in correction.

The S&P 500 fell 2.2 per cent in NY, capping a 1.4 per cent drop in the week. The Nasdaq composite dropped 2.1 percent.

USA stock indexes opened lower on Friday as renewed fears of a trade conflict between the United States and China outweighed a lower-than-expected March jobs data that eased concerns over aggressive interest rate hikes.

US President Trump said he is considering tariffs on an additional 100 billion dollars-worth of Chinese imports, and China has warned that it is ready to retaliate.

USA stocks traded lower on Thursday as news that President Donald Trump would propose trade duties on China imports stoked fresh fears about a potential trade war between two of the world's largest economies that could impede domestic economic expansion in roughly its ninth year.

"China's response to our complaints ... has been unsatisfactory", he said.

Palestinian Shot After Allegedly Attempting to Stab Israeli in West Bank
Israel says it has only opened fire when necessary to stop damage to the border fence, infiltrations and attempted attacks. In a statement on Saturday, the Palestinian ministry said 79 injured Palestinians were in a serious condition.

Tim Tebow homers on first pitch in Double-A debut
Tebow delivered the biggest hit of the game. "But from the first time I saw him to this spring he's made some nice improvements". Yes, Tebow hit.226 with a.656 OPS last season at the A level of the Mets organization, but he really struggled this spring.

Stock Moves 6% Higher April 04, 2018 — Tesla (TSLA) Surges
In a statement, the company said it aims to be making "approximately" 5,000 units per week of the Model 3 "in about three months". The answer lies in the fact that Tesla is now in the process of rolling out it's newest line of cars, called the Model 3 .

Stocks dipped further after Trump criticized the World Trade Organization on Twitter Friday morning.

"Rather than remedy its misconduct, China has chosen to harm our farmers and manufacturers", Trump said in his statement Thursday. "There will be public comment, while we're in the period before the tariffs go on".

The US stock market dropped Friday as renewed fears of a trade conflict between the US and China mounted.

Trump said he instructed the US Trade Representative to "identify the products upon which to impose" the additional tariffs he suggested. "The WTO is unfair to U.S". Treasury Secretary Steven Mnuchin added to the anxiety by saying there's a "level of risk" the spat could worsen.

"The stock market is in a bit of a tug of war", says Allen Bond, portfolio manager of the Jensen Quality Growth Fund. He insisted that Trump's trade policy would be good for economic growth and that he was not concerned about daily declines in stocks.

"As no one came out to pull this back, there was a gradual realization that this was something that might be a little more serious", said Brad McMillan, chief investment officer for Commonwealth Financial Network.

U.S. stocks closed sharply lower on Friday, led by a selloff in industrials and financials, as investors continued to fret over an escalating China-U.S. trade fight. It fell 0.7 percent for the week. Still, Pride said all of the proposed tariffs add up to a pretty small fraction of trade between the US and China, and overall, they wouldn't affect the nation's economy that much if they do go into effect.

Related news:

Hot News

isis-killer-beheading-video-story-top Trump's new tariff policy on Chinese goods sparks fear of trade war
Apr 09, 2018 - 05:52
In office he has made overtures to Xi and pressed China for help with derailing North Korea's nuclear ambitions. Earlier in the week, Trump threatened to introduce tariffs against China worth up to $150 billion annually.

isis-killer-beheading-video-story-top Chadwick Boseman Brings Black Panther to 'Black Jeopardy' on 'SNL'
Apr 09, 2018 - 04:47
Eventually Boseman's T'Challa gets the hang of it when offering an answer under the "White People" category. Usually the recurring sketch has white guest hosts bumbling through questions alongside black contestants.

isis-killer-beheading-video-story-top EPL: Liverpool pick point at Everton
Apr 09, 2018 - 04:26
Ahead of the weekend's clash of The Reds and The Toffees clash in the 231st Merseyside derby , Liverpool looks to be in a crunch. Karius has made 23 Reds appearances this season, impressively shipping just 18 goals and keeping 13 clean sheets.

isis-killer-beheading-video-story-top Ben Simmons wins epic LeBron James triple double duel
Apr 08, 2018 - 06:47
This would have been considered a successful season if the Sixers just made the postseason, but that's no longer the case. In Washington, Taurean Prince scored 23 points, including 10 in the fourth quarter, and Atlanta defeated the hosts.

isis-killer-beheading-video-story-top Commonwealth Games Gold Coast, live updates
Apr 08, 2018 - 06:40
Kelly Simm has helped England to silver in the women's team gymnastics competition at the Commonwealth games . Indian weightlifters have claimed two gold and a silver thus far in this edition of the Games.

isis-killer-beheading-video-story-top Man arrested in violent armed robbery from March
Apr 08, 2018 - 06:20
Police later learned that one of the victim's debit cards was used at a Walgreens in Racine to purchase a gift card. Investigators matched Garner's DNA to the scene, but have not yet identified the second masked man.

isis-killer-beheading-video-story-top Fort Campbell soldiers killed in Apache crash
Apr 08, 2018 - 05:46
The US Army says a military helicopter crash killed two troops at the Fort Campbell training grounds in Kentucky late Friday. Todd Royar, the deputy commanding general of the 101st Airborne Division, was quoted as saying in the statement.

isis-killer-beheading-video-story-top Sen. Shaheen: EPA chief Scott Pruitt should resign
Apr 07, 2018 - 05:26
Press secretary Sarah Sanders told CNN Thursday the White House does "not have any plans for personnel changes at this time". However, DeGette sent a letter of her own Thursday to the EPA watchdog to investigate the scandals swirling around Pruitt.

isis-killer-beheading-video-story-top Plans For Luxury Space Hotel Unveiled
Apr 07, 2018 - 05:00
Branson originally said flights would begin in 2009, but an official date has yet to be set for its maiden voyage. Orion Span's technology enables us to bring down the cost of visiting and living in space by orders of magnitude.

isis-killer-beheading-video-story-top West Bengal BJP To Approach Supreme Court For Free, Fair Panchayat Polls
Apr 07, 2018 - 05:00
The Opposition has become one, irrespective of the diktats of their respective leaders, to fight the Trinamool. Already unofficial alliances have been formed in Rampurhat and Mayureswar in Birbhum district.

isis-killer-beheading-video-story-top US stocks lower on escalating US-China trade dispute
Apr 07, 2018 - 04:45
Johnson & Johnson sank $2.99, or 2.3 percent, to $127.72 and health insurer UnitedHealth dropped $59, or 2.6 percent, to $223.18. Another flare-up in trade tensions between the USA and China sent the stock market sharply lower for the second time this week.

isis-killer-beheading-video-story-top New Jersey couple awarded $37 million in talcum powder case
Apr 07, 2018 - 04:26
Johnson & Johnson maintains that its products are not carcinogenic and have never contained traces of asbestos fibers. A jury awarded $30 million to a man who was diagnosed with mesothelioma after using talcum powder for decades.

isis-killer-beheading-video-story-top Wizards Collapse Against Cavs, Pacers Drop Warriors
Apr 07, 2018 - 04:21
In the span of 1 minute, 40 seconds to start the fourth quarter, Golden State cut Indiana's lead in half. They built a 20-point lead in the third quarter. "Caring in general was the main problem", Kerr said .

isis-killer-beheading-video-story-top Magnitude 6 quake hits Mindanao areas
Apr 06, 2018 - 02:22
A strong natural disaster struck the Channel Islands region on Thursday afternoon and rattled much of Southern California. According to the Philippine Institute of Volcanology and Seismology (Phivolcs), the natural disaster hit at 11:53 a.m.

isis-killer-beheading-video-story-top Champions League: That goal, I didn't expect to score that goal - Ronaldo
Apr 06, 2018 - 01:21
It came at a time when Juventus were dominating the ball in the second half and had put the Real defence under a lot of pressure. Even coach Zinedine Zidane who is a master of scoring jaw-dropping goals, could not believe his eyes.