US Stocks Mainly Lower On Trade Concerns
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2018-06-19 HKT 04:46
Wall Street stocks mostly fell on Monday as worries about rising trade tensions between the US and China offset gains by petroleum-linked companies.
The Dow Jones Industrial Average fell 0.4 percent to 24,987.54.
The broad-based S&P 500 shed 0.2 percent to 2,773.87, while the tech-rich Nasdaq Composite Index was essentially flat at 7,747.03.
Analysts said investors were still jittery following Friday's tit-for-tat announcements by the US and China announcing new tariff measures. Markets fear a further escalation of measure that could derail the global economy.
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