U.S. Stock Indexes Drop on Trade Tensions

U.S. Stock Indexes Drop on Trade Tensions

Ryan Christensen, account executive at Adviser Investments, has the market analysis for Tuesday, May 7. Investors reacted to heightened trade tensions, with major U.S. stock indexes recovering some of their steeper intraday losses: The Dow Jones Industrial Average and NASDAQ Composite each fell 2.0% and the S&P 500 declined 1.7%. Despite President Trump’s recent announcement of plans to double tariffs on $200 billion of goods, Chinese Vice Premier Liu He is scheduled to continue negotiations with U.S. trade representatives.

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