US fell Wednesday as the fear-inspired selloff continues. Although the Dow, S&P 500 and Nasdaq are all in the red, their declines are smaller than in the past two days. The Dow was last some 22 points lower, or 0.1%. The S&P and Nasdaq both slipped 0.2%. Just before the open, President Donald Trump tweeted that China's Vice Premier Liu He was coming to the United States to "make a deal". Stock futures bounced higher on the tweet. Liu's scheduled trip to the United States offered...WPLG
China's Huawei Technologies Co Ltd is asking its top Asian chipmakers to maintain deliveries after Washington decided to curb the telecom giant's access to American technology, the Nikkei reported on Friday, citing sources familiar with the matter.IN
Last week's topsy-turvy stock market ended on a positive note, but the Dow was set to fall sharply once again Monday after investors got mixed signals on trade. Larry Kudlow, President Donald Trump's top economic adviser, said Sunday that US officials expect the Chinese to retaliate for the tariff hike the Trump administration imposed last week. On Friday, the United States increased tariffs on $200 billion of Chinese goods to 25% from 10%. "We'll see what they come up with," Kudlow said of the...WPLG
Trade war fears have returned to Wall Street, wiping out a chunk of the stock market's recent surge. Dow futures plunged about 500 points on Monday morning after President Donald Trump surprised investors by threatening to impose higher tariffs on China. The sudden escalation of US-China trade tensions deals a major blow to hopes that Washington and Beijing can reach a trade deal. Trump's threats also raise the risk of a prolonged fight between the world's two largest economies. Heavy selling...WPLG
China's Huawei Technologies Co Ltd is asking its top Asian chipmakers to maintain deliveries after Washington decided to curb the telecom giant's access to American technology, the Nikkei reported https://asia.nikkei.com/Economy/Trade-war/Huawei-and-suppliers-dust-off-backup-plans-to-prepare-for-storm on Friday, citing sources familiar with the matter.U.S.
The escalation in trade tensions between the U.S. and China wiped more than $1 trillion from global markets in just one day.MSNBC.com
Last week US stocks hit record highs, but President Donald Trump on Sunday reminded investors of the fear that dominated Wall Street throughout much of last year. Trump renewed threats to raise tariffs on Chinese goods, sending Dow futures down more than 400 points Sunday evening. The broader S&P 500 was set to open Monday down 1.4%. Nasdaq futures were down 1.5%. The Nasdaq includes a large number of technology stocks that could be hit particularly hard by higher tariffs on Chinese...WPLG