The Dow Jones Industrial Average shed more than 250 points on Wednesday as U.S. manufacturers continued to suffer from concerns over the impact of new tariffs on trade.
Boeing’s (BA.N) 4 percent fall contributed to about 100 points drop in the blue-chip index, with traders citing continuing fallout from Tuesday’s reports that U.S. President Donald Trump could impose tariffs on up to $60 billion of Chinese imports.
the Dow Jones Industrial Average was down 257.31 points, or 1.03 percent, at 24,749.72. The S&P 500 fell 0.46 percent to 2,752.71 and the Nasdaq Composite dropped 0.32 percent to 7,487.06.
The third straight monthly fall in retail sales pointed to slowing U.S. growth but cooled concerns of Federal Reserve raising interest rates at a faster pace in 2018.