Trade-sensitive chip stocks took a beating
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| | | 5/09/2019 | |
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| Markets Flounder Ahead of Tariff Deadline | | By Lillian Currens | | 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. Continue reading for more on today's market, including: | | >> Continue reading... | |
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