Markets
WMT

Wall Street Sinks as U.S. Aluminum, Steel Tariffs Bring Retaliations

Headlines that say Stocks, Finance, Markets, Business and World.
Credit: Shutterstock photo

Wall Street sank on Thursday, with equities on the Dow Jones Industrial Average and S&P 500 skidding for the fourth time in five days as a ratcheting up of trade tension hit investor sentiment and prompted retaliation by U.S. allies.

The Dow's triple-digit loss was led by losses across multiple sectors, with Procter & Gamble ( PG ), Caterpillar ( CAT ), Walmart ( WMT ) and Verizon ( VZ ) among the sharpest decliners. On the S&P, consumer staples and industrials shed the most into the close, but almost all sectors were in the red. A slim gain in information technology helped the Nasdaq Composite keep its own losses in check.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

WMT PG VZ CAT

Other Topics

Stocks

Latest Markets Videos