2 Retail Stocks Analysts Are Selling

Trade-sensitive chip stocks took a beating

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Market Recap
 
 

5/09/2019

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Markets Flounder Ahead of Tariff Deadline

By Lillian Currens

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The Dow pared some of its earlier losses, but still ended well below breakeven, as traders brace for a possible tariff increase on $200 billion in Chinese goods. President Donald Trump earlier said that China "broke the deal" and will pay, but later said it's still possible Washington and Beijing could strike a deal ahead of the midnight deadline. Meanwhile, Intel (INTC) only added to the Dow's woes, and sell-offs from tariff-sensitive chip stocks also weighed on the Nasdaq and S&P, both of which wrapped up a fourth straight loss. 

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