Wall Street slides on fears of likely U.S.-China tech cold war – Investing.com – UKA News

Wall Street set to open lower after weak retail sales data Wall Street hit by weak retail sales data. Intel closed only 1.7 per cent lower at $22.69 but the shares plunged 10 per cent after-hours. The chipmaker reported a 51 per cent increase in net income to $2.27bn, narrowly missing Wall Street’s estimates.

(Reuters) – Wall Street’s main indexes fell more than 1% on Thursday, as technology stocks were hammered by fears that the U.S.-China trade spat could turn into a tech cold war between the two countries.

0 Share. As the trade battles between the US and China intensify, Wall Street investors are calling for ways to protect American national security without stymieing cross-border investments and economic growth. investors from Blackstone Group and Oaktree Capital, among others, have warned that unless curbed, the escalating disputes are likely.

Stocks slide as Wall Street fears worsening US-China trade spat. (FILES) In this file photo taken on May 29, 2018 Traders work on the floor of the Dow Industrial Average at the New york stock exchange in New York. US stock markets opened higher Monday helped by a surge in major tech stocks like Apple and Google and a 2.9 percent jump by pharma giant.

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US STOCKS-Wall St slides as U.S.-China trade war escalates . Breaking News.. * Tech shares slide, chipmakers lead losses * Indexes down: Dow 0.57 pct, S&P 0.42 pct, Nasdaq 0.29 pct. I have read Investing.com’s comments guidelines and agree to the terms described.

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Australian shares slide as fear builds on US-China trade war. Australian equities lost ground in early trading on Friday after the market tracked losses on Wall Street overnight as fears grew over a potential US trade war with China. The S&P/ASX 200 shed 1.7 per cent to a five-week low when trading got underway in Sydney. The fall came.

Earlier, stocks rallied following China’s announcement that it will cut the import duty on passenger cars to 15 per cent, signaling a further easing of trade tensions with the U.S.

Stocks open sharply lower on trade fears abc news dow tumbles 300 points as investors brace for a protracted U.S.-China trade standoff marketwatch wall street slides on fears of likely U.S.-China tech cold war Reuters

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STOCKS have plunged for the second day in a row in the US, as investor fears about a trade war with China take hold. wall street took another tumble on Friday, with the Dow falling 400 points, for.