U.S. stocks slid following declines in Asia and Europe as Daimler AG’s profit warning fed into investor concern over the outlook for global trade and growth. Treasuries gained and the dollar weakened.
The S&P 500 Index slipped 0.3 percent as of 11:50 a.m. in New York. The S&P 500 Index slumped and the Dow Jones Industrial Average careened toward its eighth straight drop after the Supreme Court ruled states can collect sales tax from online retailers, rattling shares of companies from Amazon.com to EBay. Stocks opened lower on renewed trade angst, with automakers also under pressure after the Daimler warning.
Source : Bloomberg