The US stock market continues to get hit by trade war and economic jitters.
The Dow dropped 200 points, or 0.8% on Wednesday morning. The S&P 500 and Nasdaq declined about 0.7% apiece.
Investors remain worried about plunging Treasury bond yields and how the US-China trade war will slow the global economy and ding corporate profits.
The recent trade escalation has also led to fears that China will retaliate against US tariffs by taking more extreme steps, including placing restrictions on rare-earth exports.
The market slide comes after the Dow dropped 238 points on Tuesday. The S&P 500 has declined more than 5% since closing at a record high on April 30.
Abercrombie & Fitch (ANF) plunged 20% on disappointing earnings and outlook. Canada Goose (GOOS) tumbled 17% on a sales miss. Dick’s Sporting Goods (DKS), however, climbed 2% on strong guidance and upbeat results.
https://www.cnn.com/business/live-news/stock-market-news-today-052919/index.html
2019-05-29 16:12:00Z
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