$200 Billion in Tariffs Imposed on Chinese Goods - Adviser Investments

$200 Billion in Tariffs Imposed on Chinese Goods

Charlie Toole, vice president at Adviser Investments, has the market analysis for Monday, September 17. Major U.S. stock indexes were down today after President Trump directed U.S. Trade Representative Robert Lighthizer to impose $200 billion in new tariffs on Chinese goods: The Dow Jones Industrial Average, S&P 500 and NASDAQ fell 0.4%, 0.6% and 1.4%, respectively. In terms of economic fundamentals, FedEx reported strong revenue in both its ground and freight segments, and FedEx management anticipates an additional 9% revenue growth over the next year. On the other hand, Oracle declined around 5% today after reporting disappointing revenue within its cloud services segment, which accounts for around 75% of overall revenue.

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