Markets Right Now: Stocks fall on fresh worries over trade

FILE- In this April 26, 2018, file photo, a sign promoting the New York Stock Exchange hangs above a scaffolding attached to the New York Stock Exchange, left, in the financial district in New York. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, June 19. (AP Photo/Kathy Willens, File)

Stocks are closing lower Tuesday on fresh worries about a trade dispute between the U.S. and China

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

4:00 p.m.

The Dow Jones industrial average is closing with its sixth straight loss Tuesday as worries about a U.S.-China trade dispute hit stock indexes around the globe.

The Dow is down 287 points, or 1.1 percent, to 24,700. Big industrial companies that are part of the index, such as Boeing and Caterpillar, suffered steep losses.

The S&P 500 index is off by 11 points, or 0.4 percent, to 2,762. The Nasdaq composite is down 21 points, or 0.3 percent, to 7.725.

The global sell-off came after President Donald Trump threatened to put tariffs on another $400 billion in imports from China, and the Chinese government said it would retaliate.

Investors sought safer investments, such as high-dividend companies like utilities and companies that make and sell household goods. They also favored bonds.

___

12:05 p.m.

Stocks are trading lower at midday Tuesday on fresh worries about a trade dispute between the U.S. and China, although they've recovered somewhat from an early slump.

The Dow Jones industrials are down 291 points, or 1.2 percent, to 24,697, after dropping more than 400 points in morning trading.

The S&P 500 is lower by 16 points, or 0.6 percent, at 2,756, and the Nasdaq composite is down 61 points, or 0.8 percent, to 7,685.

Big industrial companies and chemical makers are hard hit. Aerospace giant Boeing fell 3.4 percent and DowDuPont slipped 3.3 percent.

Chinese companies listed in the U.S. took sharp losses. Search engine Baidu dropped 3.6 percent.

Commodities also sold off on trade concerns. Oil and copper each dropped 1.5 percent. Soybean futures sank 3.2 percent.

___

9:35 a.m.

U.S. stock markets are opening sharply lower Tuesday as tensions over trade between the U.S. and China seem closer to a boil.

The Dow Jones industrials are down 318 points, or 1.3 percent, to 24,668.

The S&P 500 index and the Nasdaq composite are also lower.

President Donald Trump is calling for tariffs on $200 billion in Chinese imports, drawing a rebuke from China. Last week, the U.S. levied tariffs on $34 billion of Chinese goods. China threatened to retaliate, leading Trump to propose broader penalties.

International markets slumped, with China-focused stocks hard hit. The Shanghai Composite Index fell 3.8 percent and Hong Kong's Hang Seng lost 2.8 percent.

Bond prices are rising, sending rates lower. The yield on the U.S. 10-year Treasury fell to 2.89 percent from 2.92 percent.

___

9:10 a.m.

U.S. stock markets are set for a sharply lower open as tensions over trade between the U.S. and China seem closer to a boil.

Futures are showing the Dow Jones industrials and S&P 500 each headed for a decline of at least 1 percent.

President Donald Trump is calling for 10 percent tariffs on $200 billion in Chinese imports. Last week, the U.S. levied tariffs of 25 percent on $50 billion of Chinese goods. China threatened to retaliate, leading Trump to seek broader penalties.

International markets slumped, with China-focused stocks hard hit. The Shanghai Composite Index fell 3.8 percent and Hong Kong's Hang Seng lost 2.8 percent.

Bond prices are rising, sending rates lower. The yield on the U.S. 10-year Treasury fell to 2.88 percent from 2.92 percent.

Related News

Medicaid estimate renews cost concerns over...

Aug 12, 2016

Government cost estimates for expanding Medicaid to millions more low-income people are increasing...

Studies shine light on mysterious placenta, how...

Aug 12, 2016

Placenta is most mysterious organ: Scientists don't know how this tissue that nourishes a fetus...

3 years into nation's hemp experiment, crop's...

Aug 12, 2016

Three years into the nation's hemp experiment, the crop's hazy market potential is starting to come...

Tepid retail sales lower expectations for US...

Aug 12, 2016

Tepid retail spending in July lowers expectations for US economic growth in coming months

US producer prices slid 0.4 percent in July

Aug 12, 2016

US producer prices fell last month by the biggest percentage since September, pulled down by...

Pressuring Trump, Clinton releases 2015 tax...

Aug 13, 2016

Hillary Clinton and her husband earned $10.6 million last year, according to a tax filing released...

Here at The World Agenda, we bring innovation to digital news for you to keep abreast of worldwide news instantly anywhere.

Contact us: sales[at]theworldagenda.com