Jun
19
Stocks Pare Their Losses as Trade Tensions Simmer: Market Wrap
By-
Trump orders fresh tariffs on Chinese goods; China hits back
- Euro weakens with pound as dollar rallies along with yen
U.S. stocks fell, though major indexes traded well off session lows as a flare up in trade tensions eased to a simmer. Treasuries rose with the dollar.
The Dow Jones Industrial Average notched a sixth straight loss in its longest slump in more than a year, and the S&P 500 equaled its biggest drop in three weeks. The declines came after steep losses in Asia and Europe sparked by renewed concern the U.S. and China are headed for a full-blown trade war. Neither side escalated attacks Tuesday after President Donald Trump threatened fresh tariffs and China promised to retaliate in kind…
Stocks Pare Their Losses as Trade Tensions Simmer: Market Wrap
