Stock dive as trade tensions heat up between USA and China

Dow Jones Industrial Average A Buy in April

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.

Paris-Roubaix: Michael Goolaerts dies after crash
Terpstra, whose Quick-Step team had been expected to dominate the race, said nothing could have been done to stop the Slovak. The pair exited the final major cobble section of the Carrefour de l'Arbre with 15km remaining with a minute's lead.

Ben Simmons wins epic LeBron James triple double duel
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.

Fort Campbell soldiers killed in Apache crash
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.

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 Palestinian Shot After Allegedly Attempting to Stab Israeli in West Bank
Apr 09, 2018 - 05:02
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.

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 Gary Sanchez (calf) not in Yankees' lineup on Saturday
Apr 08, 2018 - 07:24
CC Sabathia went four innings, giving up three runs on four hits while striking out three, not factoring in the decision. Braves 8, Rockies 3: Brandon McCarthy used his arm and bat to help Atlanta win at Coors Field in Colorado's home opener.

isis-killer-beheading-video-story-top Sergei Skripal's dead cat and guinea pigs were 'important witnesses'
Apr 08, 2018 - 07:02
Later, London claimed that the toxin of Novichok-class had been allegedly developed in Russian Federation . The hospital did not say whether either Sergei or Yulia would suffer long-term effects.

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 Stock Showing Surging Activity: Facebook, Inc. (NASDAQ:FB)
Apr 08, 2018 - 06:24
The rating was upgraded by BTIG Research to "Buy" on Tuesday, March 21. (NASDAQ:FB) has "Buy" rating given by RBC Capital Markets. Aspen Investment Management Inc boosted its position in shares of Facebook by 0.4% during the second quarter. (NASDAQ:FB).

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 Sensex, Nifty open in green ahead of monetary policy announcement
Apr 07, 2018 - 05:31
The Nasdaq jumped 1.45% to end at 7,042 and the S&P 500 rose 1.16% to close at 2,645. -China trade war concerns. In Europe, Frankfurt's DAX fell 0.65 per cent and Paris CAC shed 0.51 per cent in their late morning session.

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 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.

USA fighter Iaquinta to challenge Russia's Nurmagomedov for UFC lightweight belt
Apr 07, 2018 - 04:29
Iaquinta has also won his last five fights in a row and he's now ranked in the top 15 in the lightweight division. The changes could mean that the main event of UFC 223 will feature two completely new fighters.

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.

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 Stock Moves 6% Higher April 04, 2018 — Tesla (TSLA) Surges
Apr 06, 2018 - 02:19
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 .