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at 9:39 am EDT, the Dow Jones was down 171.84 points to 24,468.40, the S & P 500 index was down 12.37 points to 2,661, 08 and Nasdaq down 49.99 points to 7,031.86
Bengaluru: US stocks dwindled on Tuesday after President Donald Trump's threat to maintain additional tariffs on Chinese goods been mitigated The hope of resolving the trade dispute at the upcoming G20 summit.
In view of a meeting at which the leaders of the world's two largest economies are expected to largely conclude a trade deal, Mr. Trump told the Wall Street Journal that he was considering raising the rights customs fee of US $ 200. billion in Chinese imports to 25 percent t, qualifying as "highly unlikely" that he would accept China's request to delay the increase.
"The market remains fragile and because of this, whenever tariffs come into play, you have concerns," said Peter Cardillo. , chief economist at Spartan Capital Securities in New York.
"Investors are looking for positive news from the G20, but until there is a concrete announcement on the rates, they will remain nervous."
Apple Inc. lost 1.6% and was leading the downturn in the tech sector after Trump these rates could also apply to laptops and iPhones imported from China.
The chip makers, which account for the highest business figure in China among the S & P 500 companies, also declined, the Philadelphia SE Semicoductor index losing 0.79%.
Boeing, the largest US exporter in China, lost 1.2%, while its other component, Caterpillar, lost 1.6%, weighing on industrial stocks.
After the start of the week, Wall Street had a disappointing period, thanks in part to the retail business.
At 9:39 am EDT, the Dow Jones Industrial Average was down 171.84 points, or 0.70%, to 24,468.40, the S & P 500 was down 12.37 points, or 0.46%, to 2,661.08 and the Nasdaq C's workforce was down 49.99 points, or 0.71%, to 7,031.86.
United Technologies Corp. dropped nearly 6%, the highest of the S & P 500 benchmark. The industrial conglomerate was up in pre-market trading after announcing its intention to part company in three companies.
All major S & P sectors are in the red with the 0.95% drop in the technology sector leading to a decline.
Vice President of the US Federal Reserve Richard Clarida said the central bank should continue to raise interest rates gradually, but "It's important to monitor new economic data closely while Monetary Policy Comes Close to a Neutral Position
Fed Chairman Jerome Powell is scheduled to speak on Wednesday and his comments will be closely watched by new information on the changing rates of interest. Interest., Signs of slowing economic growth in the face of mounting trade tensions.
The number of declining stocks is higher than that of advanced buyers, with a ratio of 2.04 for one to the NYSE and a ratio of 2.37 to one on the Nasdaq
The S & P index has recorded a new high at 52 weeks and a new low.Nasdaq has recorded six new highs and 49 new lows. 19659 018] First published: Tuesday, November 27, 2018. 08:38 IST
