Wall Street lower than tariff concerns weigh | New

By Daniel Amy Caren

(Reuters) – Losses in the shares of technology and industrial companies dragged Wall Street down on the first day of trading. The second half of this year, the risk of a growing tariff war between Washington and its trading partners continued to weigh on sentiment

Shares of US trade-sensitive companies slipped, along with Boeing and Caterpillar more than 1.5%. Chipmaker's values ​​have also slipped with a host of Chinese stocks listed in the United States.

The flagship index of Shanghai <.CSI300> slipped nearly 3% will come into force on July 6, threatening to receive a similar response from Beijing

The worries of the trade war were also aggravated by the threat of the European Union to hit the United States with retaliatory rights of nearly $ 300 billion. On Friday, the Trump administration rejected US tariffs on steel and aluminum, promising to impose punitive measures for US $ 12.63 billion of US goods.

World stocks were also threatened by German government coalition Chancellor Angela Merkel. The Mexican peso, after the election victory of Andres Manuel Lopez Obrador, paved the way for a left-wing government, while relations with the United States were tense.

"Scott Brown, chief economist at Raymond James, said:" With half a day for the markets on Tuesday and the July 4th holiday, trading volumes could be thin, which is good news for the steps. exaggerate any market movement.

Also weighing on sentiment was a drop in crude prices. [O/R]

At 9:44 am EDT, the Dow Jones Industrial Average <.DJI> lost 182.28 points, or 0.75%, to 24,089.13, the S & P 500 <.SPX> lost 15.76 points, 0.58%, to 2 702.61 and Nasdaq Composite <.IXIC> was down 42.64 points, or 0.57%, to 7 467.67

Twenty-eight of the 30 values ​​of the Dow Jones Industrial Average <.DJI> traded in the red, with Boeing, 3M Caterpillar exchange at least 1% less

Shares of chip makers, who depend on China for a large part of their income, fell with Micron AMD and Nvidia and Intel down more than 1% ]

Among Chinese companies, Alibaba fell 1.8%, while JD.com lost 2.3%

Among the positives was Tesla who boasted ndi 4.4%, after the automaker It is said that he beat his goal of producing 5,000 model 3 sedans.

Dell Technologies Inc. jumped 7.3% after having agreed to buy the VMware tracking stock taking a step closer to becoming a public company again. VMware was up 4.9%.

Falling issues outnumbered advertisers by 2.64 to 1 on the New York Stock Exchange. Declining indexes outnumbered promoters by a ratio of 2.39 to 1 on the Nasdaq

The S & P index posted a new high of 52 weeks and nine new troughs, while the Nasdaq recorded 15 new highs and 24 new lows. Reportage of Amy Caren Daniel in Bengaluru, edited by Arun Koyyur)