Stocks Fall on Trade Worries, Tech Jitters
Stocks Fall on Trade Worries, Tech Jitters
Dow drops more than 500 points after its biggest quarterly loss in more than two years
By Akane Otani and Kosaku Narioka Updated April 2, 2018 12:00 p.m. ET
U.S. stocks began the first day of the second quarter on a downbeat note, as sliding technology shares and rising global trade tensions put pressure on major indexes.
The Dow Jones Industrial Average recently fell 441 points, or 1.8%, to 23662, after falling as much as 526 points earlier in the session and following its biggest quarterly loss in more than two years. The S&P 500 lost 2.2%, and the Nasdaq Composite declined 2.6% and rejoined the other two indexes in the negative for 2018.
Meanwhile, shares of manufacturers slid after China imposed tariffs on a range of U.S. agricultural goods, following through on a promise to retaliate against the Trump administration’s penalties on imports of Chinese steel and aluminum.
https://www.wsj.com/articles/stock-markets-rise-despite-china-trade-retaliation-1522639136