U.S. stock-market benchmarks closed slightly lower on Monday, after surging sharply from a torrid selloff at the opening bell, as investors reassess flare-up of trade worries. The S&P 500 SPX, -0.45% fell 0.4% to end near 2,932. The Dow Jones Industrial Average DJIA, -0.25% shed 66 points, or 0.3%, to finish around 26,438, based on preliminary numbers. The Nasdaq Composite COMP, -0.50% was down 0.5% to finish around 8,123. U.S. equities initially came under pressure after President Donald Trump threatened to raise tariffs on $200 billion of Chinese imports on Friday to 25% from 10%. The President also said he could slap tariffs on the remaining $325 of untaxed Chinese goods. Equities have gradually recovered since the beginning of the session as investors tried to gauge whether President Donald Trump’s threat to raise tariffs represents a re-escalation of trade tensions or a short-term negotiating tactic before a final trade deal. In company news, shares of Kraft Heinz Co. KHC, +0.58% rose 0.6% even after the branded food company said it would have to restate its financial statements for the years between 2016 and 2018.
Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails. Sign up here.