Stocks head for loss on week amid growing trade tensions

Share

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.

Clarissa Explains It All Reboot With Melissa Joan Hart in the Works
Details beyond that are scarce, and it's unclear at present if any other original cast members would return alongside Hart. Hart previously shot a Clarissa pilot for CBS, which would have followed her early career as a journalist in NY .

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%.

North Carolina vs. Lipscomb
They came out shooting better than 50 percent from the floor and knocked down five of their first 10 3-point attempts. Berry followed with a 3-pointer from the top of the circle, followed by a Sterling Manley dunk off Pinson assist.

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.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. This article is strictly for informational purposes only. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Xiaomi brings the Lake Blue colour of Redmi 5A to India
As mentioned earlier, the Redmi Note 5 and Redmi Note 5 Pro are available for online purchase via a weekly flash sale. The Xiaomi Redmi Note 5 (AI Dual Camera) comes in four color options - Black, Blue, Gold, and Rose Gold colors.

Share