The Dow Jones Industrial Average plunged more than 600 points, or more than 2.7 percent, Monday afternoon due to a turbulent mix of trade war fears and President Trump's repeated attacks on Amazon. Yields had come under pressure in recent weeks as investors sought safety in USA bonds due to stock market volatility. China countered this week by slapping tariffs on more than 120 United States exports.
Retaliatory tariffs imposed by China on a slew of USA exports and Mr. Trump's ongoing criticism of Amazon (AMZN) helped push equities into a downward spiral.
Tyson Foods dropped 6.2 percent after China raised tariffs on imported USA goods including pork. The Nasdaq plunged nearly 3% and dropped into the red for the year.
"I think this is still primarily a tech-led sell-off and what we've learned over the past two weeks is just how overweight investors were in technology", said Nicholas Colas, co-founder of Datatrek Research in NY. If the President follows through on that vow, and Beijing responds in kind, many US companies could find themselves effectively locked out of China.
Tesla shares gained 2.6 per cent after the electric automaker said it need not raise more capital this year while announcing it built 2,020 of its cheaper Model 3 sedans in the last seven days of March. The tariffs apply to 128 products, ranging from pork and meat to steel pipes.
Stocks took as nosedive as soon as trading began Monday. The scandal involved a third-party company, Cambridge Analytica, which harvested personal data on 50 million Facebook users. The online giants are likely to be hit with much more onerous rules about how they use customer information, as well as much tougher regulations aimed at combatting fake news.
A big problem confronting markets now is there's a lot of confusion as to how things will ultimately play out. The stock declined after the electric auto maker said Friday that the vehicle in a fatal crash last week in California was operating on Autopilot mode, making it the latest accident to involve a semi-autonomous vehicle.
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The numbers may be smaller in the second day event as teachers from smaller, rural districts may not be able to take part. But Priest said teachers reject the argument that there isn't enough money to provide additional funds for classrooms.
Fister slows Astros to win Rangers debut
Four relievers held the Astros to one hit over the final four innings, capped by Keone Kela pitching around a walk in the ninth. Game two of 162 begins tonight, when the Astros send Dallas Keuchel to the hill. "I caught it, 100 percent", Mazara said.
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Protesters and officers also had a brief standoff near a highway ramp, before protesters changed direction. Sacramento County Sheriff Scott Jones blamed "paid protesters" for causing the chaos during the rally.
First, President Trump must send the right signals on trade.
On Monday, shares of Amazon sank more than 5 percent, while other technology stocks such as Facebook, Alphabet and Netflix, also posted sharp declines. By most measures, US shares are now looking distinctly frothy.
USA stocks are on track to have their worst April start since 1929, according to data compiled by Bloomberg.
Politics dominated the concerns of the survey respondents.
"Pressure on the sector doesn't appear to be going away in the near-term which will continue to act as a drag on indices", said Craig Erlam, senior market analyst at OANDA. Only 20 per cent of respondents indicated they were bearish or very bearish.
"Will the buy-the-dip crowd come back or have we seen a change in investor attitude?" Looking ahead, music-streaming company Spotify Technology S.A. (SPOT) is set to make its debut as public company in the USA later Tuesday.
Nonetheless, more than just Trump's Twitter behaviour is responsible for the market-wide drop. A strong debut could go a long way to restoring traders' spirits.