Newsweek (May 13)
2019/ 05/ 14 by jd in Global News
“China’s decision to raise tariffs on U.S. goods made its impact felt on Wall Street as stock markets began the week on a downbeat note. Both the Dow Jones Industrial Average and the S&P 500 index fell by more than 2 percent in early trading,” while the Nasdaq dropped even further. Market volatility “was directly linked to the escalating trade war between the U.S. and China…. The back-and-forth retaliation between the two superpowers wiped out the marginal gains stocks recorded at the end of last week.”
Tags: China, Dow Jones, Downbeat, Gains, Nasdaq, Retaliation, Stock market, Superpowers, Tariffs, Trade war, U.S., Volatility, Wall Street