Stocks opened with losses Thursday as trade tensions between the U.S. and China appeared intensified.
The S&P 500 fell 22 points, or 0.8%, to 2,857, while the Dow Jones Industrial Average dropped nearly 200 points, or 0.8%, to 25,769. The Nasdaq Composite was off 77 points, or 1%, to 7,867.
President Donald Trump late Wednesday told a rally audience in Florida that China "broke the deal," saying that had prompted him to push ahead with plans to raise tariffs on $200 billion of Chinese goods to 25% from 10% on Friday. China has said it would take unspecified countermeasures if the U.S. follows through. High-level talks are scheduled to resume Thursday.
Source : Marketwatch