Stocks head for loss on week amid growing trade tensions


Trade war fears were amplified by President Donald Trump's comment saying, "we can not keep a blind eye to the rampant unfair trade practices against our Country!", and on reports that he wants to impose $60 bn of tariffs on Chinese imports.

Technology companies bounced back in early trading Wednesday.

"There's every situation that's being looked at now, whether it's tariffs or not with a new eye, in terms of how one would deal with United States moving forward".

Trump has already imposed tariffs on steel and aluminium imports as well as solar panels and washing machines, sparking threats of retaliation from some trade partners.

Xi's trusted 'firefighter' lieutenant becomes China's vice president
Mr Xi, 64, is considered the most powerful Chinese leader since Mao Zedong . Only one delegate voted against Wang, out of the total 2,969.

The S&P 500 was set for a 1.1 percent loss for the week, despite a 0.2 percent gain on Friday.

Boeing fell almost 2 percent, turning the Dow Jones Industrial Average negative, with traders citing continuing fallout from reports on Tuesday that U.S. President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports.

On the data front, U.S. wholesale prices rose slightly in February, roughly in line with tepid growth seen in consumer prices.

Buying was more subdued in the other major stock indexes, with the Dow up 0.3% and the S&P 500 up 0.2%. The two-day meeting concludes Wednesday and quarter-point hike is widely expected, which would lift the federal funds rate to a range of 1.50% to 1.75%.

Wolfpack, Pirates meet in Wichita
State has been an inconsistent team this year, suffering some recent losses to bad teams in the ACC, including Georgia Tech. Lennard said he was playing for his career.

The Nasdaq composite traded flat amid a 1.5 percent decline in Google-parent Alphabet and a 0.7 percent decline in Amazon shares.

Shares of Dollar General rose 6.6 percent after the discount retailer's quarterly same-store sales beat estimates, and those of Sears Holdings Corp jumped 11 percent after the retailer reported smaller-than-expected drop in same-store sales.

Declining issues outnumbered advancers on the NYSE by 1,585 to 1,215.

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Facebook Cuts Ties with Cambridge Analytica, Consulting Firm
But the suspended users would need to take unspecified steps to certify that they would comply with Facebook's terms of service. The company said Kogan billed his app on Facebook as "a research app used by psychologists".