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Selloff deepens on Wall Street as China plans to hit back with tariffs
The "FAANG" group of stocks - Facebook Inc, Amazon.com Inc, Apple Inc, Netflix Inc and Google parent Alphabet Inc - fell between 1.7% and 5%. China's finance ministry said on Monday it planned to impose tariffs ranging from 5% to 25% on 5,140 U.S. products on a target list worth about $60 billion from June 1, striking back after U.S. raised duties last week. The S&P 500 on Friday racked up its worst weekly decline since December, as Washington raised tariffs on Chinese goods worth $200 billion to 25% from 10%.
https://finance.yahoo.com/news/futures-point-steep-losses-open-114411700.html?.tsrc=rss
The "FAANG" group of stocks - Facebook Inc, Amazon.com Inc, Apple Inc, Netflix Inc and Google parent Alphabet Inc - fell between 1.7% and 5%. China's finance ministry said on Monday it planned to impose tariffs ranging from 5% to 25% on 5,140 U.S. products on a target list worth about $60 billion from June 1, striking back after U.S. raised duties last week. The S&P 500 on Friday racked up its worst weekly decline since December, as Washington raised tariffs on Chinese goods worth $200 billion to 25% from 10%.
https://finance.yahoo.com/news/futures-point-steep-losses-open-114411700.html?.tsrc=rss
