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Wall Street pummelled by escalating trade threats
An escalating trade dispute between the United States and other leading economies battered U.S. stocks on Monday, handing the S&P 500 and Nasdaq their steepest losses in more than two months. The S&P 500 tumbled as much as 2 percent early Monday on reports that the U.S. Treasury Department was drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. tech firms. Investors said Navarro's comments were somewhat reassuring but still left uncertainty about trade relations.
https://finance.yahoo.com/news/wall-street-pummeled-escalating-trade-201505614.html?.tsrc=rss
An escalating trade dispute between the United States and other leading economies battered U.S. stocks on Monday, handing the S&P 500 and Nasdaq their steepest losses in more than two months. The S&P 500 tumbled as much as 2 percent early Monday on reports that the U.S. Treasury Department was drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. tech firms. Investors said Navarro's comments were somewhat reassuring but still left uncertainty about trade relations.
https://finance.yahoo.com/news/wall-street-pummeled-escalating-trade-201505614.html?.tsrc=rss
