Markets Right Now: Renewed tariff threats weighs on stocks

FILE - In this Oct. 25, 2016, file photo, a pedestrian walks past the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, July 11, 2018. (AP Photo/Mary Altaffer, File)

NEW YORK — The latest on developments in financial markets (all times local):

11:45 a.m.

Stock indexes are falling after the Trump administration released a list of $200 billion in goods that could be hit with tariffs and China said it would retaliate.

Energy and industrial companies and basic materials makers are taking some of the worst losses Wednesday. Chevron fell 2.7 percent and Boeing lost 1.8 percent.

Chipmaker Micron, which relies on China for half of its sales, sank 3 percent.

The declines follow a four-day winning streak for U.S. stocks.

The S&P 500 fell 16 points, or 0.6 percent, to 2,777.

The Dow Jones Industrial Average lost 178 points, or 0.7 percent, to 24,740. The Nasdaq composite gave up 40 points, or 0.5 percent, to 7,717.

Bond prices rose. The yield on the 10-year Treasury fell to 2.85 percent.

___

9:35 a.m.

Stocks are opening lower on Wall Street, following declines in Europe and Asia, after Washington threatened to expand tariffs on Beijing and China said it would retaliate.

Technology and industrial stocks, which would have much to lose if the U.S.-China trade dispute continues to escalate, fell more than the rest of the market.

Chipmaker Micron, which relies on China for half of its sales, sank 2.2 percent. Boeing fell 1.1 percent.

The declines follow a four-day winning streak for U.S. stocks.

The S&P 500 fell 12 points, or 0.4 percent, to 2,781.

The Dow Jones Industrial Average lost 138 points, or 0.6 percent, to 24,781. The Nasdaq composite gave up 32 points, or 0.4 percent, to 7,726.

Bond prices rose. The yield on the 10-year Treasury fell to 2.85 percent.

Must Read

Former Somali refugee poised to win office in...

Aug 10, 2016

A former refugee is poised to become the country's first Somali-American legislator after winning a...

Police grab man climbing Trump Tower in New York...

Aug 11, 2016

A man who spent hours scaling the glass facade of Trump Tower in New York City has been captured by...

Trump accuses Obama of being the 'founder of ISIS'

Aug 11, 2016

Donald Trump accused President Barack Obama on Wednesday of establishing the Islamic State group...

Air Force struggles with fighter pilot shortage...

Aug 10, 2016

Air Force officials say they have a shortage of 700 fighter pilots, even as the U.S. battles in...

Shifting tone, Trump entertains the notion he...

Aug 12, 2016

Straying from his trademark bravado, Donald Trump is acknowledging that his presidential campaign...

Sign up now!

About Us

In The Headline sought to bring professionalism back into journalism, bringing you only the most exclusive and the most impactive news from all over the globe.

Contact us: sales[at]intheheadline.com