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US stocks sank again Wednesday as investors anxious about tariffs and rising trade tensions. This happened after US President Donald Trump blocked Broadcom's acquisition of the company, citing concerns about national security.
"It was very destabilizing to the markets that the White House is aware of that and they dialed back the rhetoric to an extent", said Peter Kenny, senior market strategist at Global Markets Advisory Group in NY.
Trade war fears were amplified by President Donald Trump's comment saying, "we can not keep a blind eye to the rampant unfair trade practices against our Country!", and on reports that he wants to impose $60 bn of tariffs on Chinese imports.
Thursday's gains helped the Dow .DJI erase much of its losses since Trump announced tariff plans on March 1.
The Russell 2000 index of smaller-company stocks shed 7.74 points, or 0.5 percent, to 1,584.31.
Hamilton hopes to agree new deal before Melbourne
It would probably feel good for a second and then you'd be overwhelmed with people trying to steal your money". We've seen the way he drives, he's got a great potential as a driver and he's in a great team.
Toys "R" Us Honoring Gift Cards For Next 30 Days
For the thousands of people who have Toys R Us gift cards and Babies R Us gift cards, this means spending them or losing cash. For customers holding gift cards of businesses that have entered the liquidation process, time is of the essence.
Bridge Collapses at FIU, 'Multiple Deaths' Confirmed by Police
The incident happened around 1:30 p.m. on the pedestrian bridge linking FIU to Sweetwater across Southwest Eighth Street. Several people have died after a pedestrian bridge under construction near Florida International University collapsed.
General Electric (GE.N), 3M (MMM.N) and Caterpillar (CAT.N) were up more than 1 percent.
Qualcomm shares were the worst performing in the S&P 500 technology sector, declining by 5%.
The Nasdaq composite dipped 14.20 points, or 0.2 percent, to 7,496.81.
The markets found support from economic data that showed the number of Americans filing for unemployment benefits fell last week, pointing to strength in labor market.
USA equity markets opened higher on Wednesday as retail sales and producer prices data showed no significant pick-up in inflation.
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