Trade Fears Threaten the Best Stocks in the U.S.
A sector with an outsize influence on benchmark indexes may be among the hardest hit by renewed tensions between the U.S. and China.
Trump, trade and tech are a bad market mix.
Photographer: Michael Nagle/BloombergInvestors shouldn’t tut-tut the latest twist in Donald Trump’s trade skirmish with China.
The S&P 500 Index slid as much as 1.61 percent on Monday after the president threatened in two weekend tweets to increase tariffs against Chinese goods. By the end of the day, the market had recouped much of its drop, with the S&P 500 ending down just 0.4 percent on news a Chinese trade delegation will still come to the U.S. this week for discussions; tensions remained, however, as the top U.S. trade negotiator accused Beijing of backpedaling on commitments made in talks and said the higher tariffs are set to take effect on Friday.