What's moving markets today: Live updates - CNN

US stocks started the week sharply lower as trade tensions between the United States and China escalated further.

Beijing announced this morning it would raise tariffs on $60 billion of US imports to 25% in retaliation to Washington ratcheting up tariffs from 10% to 25% on $200 billion imports.

• The Dow opened 1.8%, or 484 points, lower
• The S&P 500 kicked off 1.7% lower
• The Nasdaq opened down 2.3%

All three indexes dropped last week, with the S&P and the Nasdaq recording their worst weekly losses since December. The Dow had its worst week since March.

The only Dow component in the green this morning is Verizon (VZ), up 0.2%.

Apple (AAPL), Caterpillar (CAT) and Boeing (BA), which have been particularly sensitive to the trade headlines, are leading decliners in the Dow.

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https://www.cnn.com/business/live-news/stock-market-news-today-051319/index.html

2019-05-13 15:43:00Z
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