Wall St. falls on trade fears, technology the biggest drag
NEW YORK - U.S. stocks slumped on Thursday as investors dumped shares of companies in growth and cyclical sectors, with energy and technology leading declines, on fears that the escalating U.S.-China trade war would stymie global economic growth.
“It looks less and less like there will be a near-term resolution to the trade war, and the market is obviously spooked on that,” said Lamar Villere, partner and portfolio manager at Villere & Co in New Orleans. Adding to the downbeat mood in markets, data from IHS Markit showed U.S. manufacturing faltered in May, with new orders falling for the first time since August 2009.
Stocks succumbed to selling pressure in May after Washington and Beijing engaged in tit-for-tat tariffs and other retaliatory measures, with the S&P 500 on track to post its first monthly decline since the December sell-off.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Trade tensions keep Wall St. under pressureU.S. stocks struggled for direction after three days of gains on Friday, as inve...
Lire la suite »
Renewed U.S.-China trade tensions push down Wall StreetWall Street's major indexes dipped on Wednesday as inflamed trade tensions ...
Lire la suite »
Wall St. rises as Huawei reprieve boosts tech sharesShares of technology companies helped lift Wall Street on Tuesday after the Unit...
Lire la suite »
Wall St. pressured as Huawei fallout worries spark tech sell-offShares of chipmakers plunge amid worries the suppliers of Huawei may suspend shipments to the Chinese telecom giant via ReutersTV
Lire la suite »
Wall St. rises for third straight day on data, earningsWall Street closed higher on Thursday as upbeat earnings and strong economic dat...
Lire la suite »
Wall St. slides as Huawei fallout hits tech sharesU.S. stocks fell as Washington’s crackdown on China’s Huawei stoked fears about a hit to the broader technology sector via ReutersTV
Lire la suite »
Wall Street set to open lower on fresh trade fearsU.S. stocks were on track to open lower on Wednesday, as fears resurfaced of a p...
Lire la suite »
U.S. stocks drop late in session on trade uncertaintyWall Street shares extended losses in late trade on Friday after CNBC reported t...
Lire la suite »
Trade war's 'wall of worry' will spark a year-end rally, Wall Street bull Jim Paulsen saysOne of Wall Street's biggest bulls sees silver lining in the ongoing trade war (via TradingNation)
Lire la suite »
Pinterest shares plummet on disappointing 2019 revenue forecastPinterest Inc on Thursday forecast 2019 revenue broadly in line with Wall Street...
Lire la suite »
Steel maker stocks fall after WSJ report a deal to end tariffs on imports from Canada, Mexico was closeSteel maker stocks dropped in midday trade Friday, after The Wall Street Journal reported that U.S. trade negotiators were close to a deal with Canada and...
Lire la suite »