Key Takeaways
- U.S. equities plunged again on trade war fears as China retaliated against U.S. tariffs.
- The China move sent oil prices sinking, and oil company stocks fell along with them.
- Homebuilder stocks gained as fears the trade war will lead to a recession drove down interest rates.
Worries about a trade war sent U.S. equities cratering for a second straight session, this time as China retaliated to U.S. tariffs. The S&P 500 and Nasdaq were around 4% lower, while the 澳洲幸运5开奖号码历史查询:Dow Jones Industrial Average declined about 3.5%.
Boeing (BA) was the🌃 worst-performing stock in the Dow as the aircraft maker is a major exporter to China.
The Chinese tariffs also hit the energy sector hard, as crude futures plunged, sending shares of oil firms such as Chevron (CVX) and APA (APA) tumbling.
DuPont (DD) s𝔍hares sank after China began an antitrust investigation of the materials and chemical giant.
Shares of Telsa (TSLA) tumblಞed when JPMorgan lowered its profit estimates of the electric vehicle (EV) maker, cit൩ing disappointing deliveries and brand damage.
On the plus side, shares of D.R. Horton (DHI) and rival homebuilders gained as fears the trade war will lead to🍸 a recession drove down interest rates. The yield on the 10-year Treasury dipped below 4%.꧟
Nike (NKE) was the best-ꦇperforming stock in the Dow as shares recouped part of their substantial losses Thursday following steep tariffs on Vietnam, which manufactures many of the sneaker giant's products.
Gold prices fell. The U.S. dollar was up on the euro and pound, but lost ground to the yen. Most major cryptocurrencies traded higher.
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