Nasdaq down -1.43% and leads the downside
The trade tensions with China look like they about to intensify as Trump is set to announce new tariffs on China "after the close". China has said they would look to retaliate and that sent the likes of Apple lower on retaliation fears (down -2.66%). Amazon was also hit hard. It fell -$62 or -3.16% on the day. Ouch.
The indice numbers look like this:
- S&P fell -16.18 points or -0.56%
- Nasdaq fell -114.25 points or -1.43%
- Dow fell -92.55 points or -0.35%
Other losers today included:
- Twitter, -4.22%
- Netflix, -3.90%
- ALibaba, -3.62% (China company)
- Adobe, -2.34%
- Tencent, -2.39% (another China company)
- McDonald's, -1.68%
- micron, -1.62%
- Alphabet, -1.41%
Winners on a down day include:
- Rite Aid, +2.71%
- CVSm +1.22%
- Ford, +1.16%
- General Motors, +1.11% (hurricane damage to cars could lift sales)
- Southwest air, +1.06%
- Caterpillar, +1.33%. Damage from hurricane Florence helping
- Citigroup, +0.35%
- J.P. Morgan, +0.37%
- Walt Disney, +0.09%
- Celgene, +0.03%
