Blame "Tariff Tantrum 2.0" for the latest stock market swoon.
Boeing and Caterpillar, considered vulnerable in any trade war with China, fell by 3.1% and 3.5%, respectively.
With the Dow Jones Industrial Average now frequently dipping into correction territory, the minds of many traders and investors are turning to the question of how long before this bull run - the longest in Dow history post-World War II - becomes a full-on bear market.
"Escalation of the U.S". While exports to China were unchanged in February, imports from the country declined 14.7 percent.
The Dow Jones industrial average closed 572 points lower, a 2.3 percent decrease, while the Nasdaq and S&P 500 index dropped 2.3 percent and 2.2 percent, respectively.
For the week, the Dow was down 0.7%.
US Treasury Secretary Steve Mnuchin in an interview on CNBC said he was cautiously hopeful the United States will reach an agreement with China on trade.
Trump announced Thursday night that his administration would consider imposing $100 billion more in tariffs on Chinese goods. The earlier tariff threats roiled financial markets but stocks had rebounded Thursday on investor hopes that the parties would find a diplomatic solution. "Now we only have one issue to deal with, and that's trade". But the drop resumed shortly thereafter as traders searched for clarity on trade with tensions quickly escalating between the US and China.
The administration was running a "good cop, bad cop kind of negotiating strategy", said Sam Stovall, chief investment strategist at CFRA Research. "However, negotiations could take months".
The probabilities of a recession in the last half of 2019 and early 2020 are increasing in odds and maybe quite dramatically, Kass added, saying: "The bottom line is that our president is going to make market volatility and economic uncertainty great again".
The Chinese government responded by reiterating that it doesn't want "to fight a trade war, but we are not afraid of fighting it".
Stocks were mostly unaffected by the March jobs report, which showed that the US economy added 103,000 positions, down from a much bigger gain in February and well below what analysts were expecting.
Kinder Morgan's move will be seen as a blow to Prime Minister Justin Trudeau, who has insisted the pipeline will be built. Kinder Morgan has set a May 31 deadline for talks with "various stakeholders" to allow the project to proceed. "Mr.
Heading into the stock price potential, Exxon Mobil Corporation needs to grow just 11.81% to cross its median price target of $85. A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XOM .
On the contrary, the Syrian state denied government forces had launched any chemical attack and have called the reports fake. One patient, a woman, had convulsions and pinpoint pupils, suggesting exposure to a nerve agent, the statement said.
It's a total witch hunt", said Trump, who claimed that he had "given over a million pages in documents to the special counsel. She has said Cohen paid her to keep quiet about having sex with Trump in 2006, the year after he married Melania Trump.
Speaking at the Chinese embassy in Washington, Ruan said: "Washington underestimates China's resolve and determination". Trump has called on Beijing to ease trade barriers "because it is the right thing to do".
Rochelle didn't have any negative encounters with Cosby as a child on the show, the actress told the Associated Press . Mr Cosby has been charged with aggravated indecent assault, a second degree felony, by the Pennsylvania prosecutor.
Severe neck pain developed over the next few days along with debilitating severe headaches , lasting just a few seconds at a time. Much like the name suggests, they can be described as severely painful headaches that strike all of a sudden like thunder.
The court also asked the Tamil Nadu and Karnataka governments to maintain peace in their states till the scheme is finalised. The Centre was directed to share plans by on how the distribution of the Cauvery water will be implemented.
According to an online team roster , players range in age from 16 to 21 and many are from Saskatchewan, with two from Humboldt. A semitrailer hit the team's bus near the city of Tisdale, Saskatchewan, at 5 p.m. local time Friday, the RCMP says.
A Ferrari mechanic was in hospital last night with a double leg-break after being hit by the auto of Kimi Raikkonen . Bottas came in a lap later, but Mercedes mixed it up by fitting his vehicle with the medium tyres.