New tariff threat affects stock market

Associated Press

NEW YORK — New jitters about the possibility of an escalation in the costly trade war between the U.S. and China pulled stocks broadly lower.

The sell-off, which eased toward the end of the day Monday, came a day after President Donald Trump threatened to raise tariffs on goods from China.

Trump complained the trade talks between the two countries are moving too slowly.

Companies with heavy business interests in China bore the brunt of the selling. Chipmaker Micron Technology lost 2.8%.

Banks also fell. Health care rose.

The S&P 500 fell 13 points, or 0.4%, to 2,932.

The Dow Jones Industrial Average fell 66 points, or 0.3%, to 26,438. The Nasdaq fell 40 points, or 0.5%, to 8,123.

Bond prices rose. The yield on the 10 year Treasury fell to 2.50%.

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