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Stocks end lower as trade tensions continue, post weekly loss


Saturday, 18 May 2019 03:09 WIB

Saham AS


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Stocks ended lower Friday, with major benchmarks logging weekly losses, as worries remained over U.S.-China trade tensions.

The S&P 500 fell 0.6% to end near 2,859, according to preliminary figures, while the Dow Jones Industrial Average shed around 99 points, or 0.4%, to finish near 25,763. The Nasdaq Composite fell 1% to close near 7,816. For the week, the S&P 500 lost 0.8%, while the Dow declined 0.7% and the Nasdaq fell 1.3%.

Stocks sold off sharply on Monday as China announced retaliatory tariffs on U.S. imports following the Trump administration's decision last week to raise tariffs on $200 billion of Chinese imports and take steps toward implementing duties on remaining goods.

Source: marketwatch


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