U.S. stocks sag as U.S.-China trade war talk heats up

By Thomas Heath
June 25 at 2:56 PM

Stocks dropped worldwide on Monday and the U.S. markets had their worst day in June on reports that President Trump will ramp up his threats of an emerging trade war with China.

The Dow Jones industrial average slid more than 475 points, or 2 percent, in afternoon trading following weekend reports that the Trump administration is planning to announce a prohibition against Chinese companies investing in U.S. technology businesses..

Monday was the Dow’s ninth decline in the last 10 sessions.

“It’s just more concerns that the trade war is heating up,” said Ed Yardeni of Yardeni Research. “There was some hope that the rhetoric would remain heated rhetoric. But Trump is making it quite clear that he is intent on winning a trade war.”

more
https://www.washingtonpost.com/business/economy/us-stocks-sag-as-us-china-trade-war-talk-heats-up/2018/06/25/b77f02a4-7892-11e8-aeee-4d04c8ac6158_story.html