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'Trade War' Fears Send Stocks Tumbling

Stocks fall sharply as trade tensions mount with China; Dow Jones industrial average sinks more than 600 points.

Posted: Apr 2, 2018 11:05 AM
Updated: Apr 2, 2018 3:27 PM

NEW YORK (AP) - The latest on developments in financial markets (all times local):

4 p.m.

Stocks closed sharply lower on Wall Street as technology companies took heavy losses and investors worried about escalating trade tensions with China.

Big-name tech companies like Microsoft fell more than the rest of the market Monday.

Intel dove 6.1 percent following a report in Bloomberg News that Apple plans to start using its own chips in Mac computers as early as 2020.

Tyson Foods dropped 6.2 percent after China raised tariffs on imported U.S. goods including pork.

The S&P 500 fell 58 points, or 2.2 percent, to 2,581, slightly above its low for the year reached February 8.

The Dow Jones industrial average lost 458 points, or 1.9 percent, to 23,644. It was down as much as 758 earlier.

The Nasdaq gave up 193 points, or 2.7 percent, to 6,870.

___

1:30 p.m.

Stocks are falling sharply on Wall Street, sending the Dow Jones industrial average down more than 600 points, after China raised import duties on U.S. pork, apples and other products.

Tyson Foods dropped 6 percent Monday, one of the biggest losses on the market.

Investors are also dumping some of their recent favorites, including retailers like Amazon and technology companies such as Microsoft.

Tesla dropped 5.3 percent after saying the vehicle in a fatal crash last week in California was operating on Autopilot mode.

The S&P 500 fell 69 points, or 2.6 percent, to 2,570.

The Dow was down 590 points, or 2.5 percent, to 23,512. It was down as much as 639 in early afternoon trading.

The Nasdaq gave up 203 points, or 2.9 percent, to 6,858.

___

11:45 a.m.

Stocks are falling sharply on Wall Street after China raised import duties on U.S. pork, apples and other products.

Tyson Foods is among the biggest losers Monday with a 6 percent loss.

Investors are also dumping some of their recent favorites, including retailers like Amazon and technology companies such as Microsoft.

Tesla dropped 5.7 percent after saying the vehicle in a fatal crash last week in California was operating on Autopilot mode.

Health insurer Humana jumped 4.9 percent on continued reports Walmart might buy the company or announce a new partnership with it.

The S&P 500 fell 59 points, or 2.3 percent, to 2,581.

The Dow Jones industrial average fell 476 points, or 2 percent, to 23,624. The Nasdaq composite gave up 190 points, or 2.7 percent, to 6,872.

___

9:35 a.m.

Stocks are opening slightly lower on Wall Street after the long holiday weekend, led by declines in retailers and technology companies.

Amazon fell 2 percent in early trading Monday, while Facebook lost 0.7 percent.

Health insurer Humana jumped 7 percent following reports that Walmart was interested in a possible deal with the company.

The S&P 500 slipped 3 points, or 0.1 percent, to 2,637.

The Dow Jones industrial average was little changed at 24,101. The Nasdaq composite fell 19 points, or 0.3 percent, to 7,044.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

4/2/2018 1:11:37 PM (GMT -7:00)

Oregon Coronavirus Cases

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Cases: 193732

Reported Deaths: 2572
CountyCasesDeaths
Multnomah38352591
Washington25592233
Marion22026306
Clackamas17440214
Lane13007148
Jackson10862139
Deschutes896274
Umatilla820284
Linn492969
Yamhill446376
Klamath441164
Polk375752
Malheur351863
Josephine334570
Douglas327271
Benton310019
Jefferson219837
Coos206633
Columbia174427
Union144823
Lincoln137921
Wasco137728
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Crook111322
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Clatsop9858
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Grant5095
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Harney3448
Wallowa1845
Gilliam631
Sherman581
Wheeler321
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California Coronavirus Cases

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Cases: 3764405

Reported Deaths: 62573
CountyCasesDeaths
Los Angeles123645624067
Riverside2994554594
San Bernardino2967824715
San Diego2785913729
Orange2709835026
Santa Clara1190642096
Kern1091771374
Sacramento1048401686
Fresno1018381688
Alameda879401657
Ventura810011013
San Joaquin732201391
Contra Costa68741805
Stanislaus621421061
Tulare49654839
Monterey43613383
San Mateo42038568
San Francisco36720544
Santa Barbara34337456
Solano32953252
Merced31898460
Sonoma30035320
Imperial28443726
Kings22989246
Placer22679292
San Luis Obispo21308260
Madera16462242
Santa Cruz16264207
Marin14056227
Yolo13910210
Shasta12152226
Butte12026199
El Dorado10168112
Napa987082
Sutter9433112
Yuba626847
San Benito606563
Lassen570624
Tehama557262
Nevada474275
Tuolumne413166
Mendocino410149
Humboldt404641
Amador365847
Lake347643
Glenn239125
Colusa223416
Siskiyou223424
Calaveras212954
Inyo142838
Del Norte13938
Mono12844
Plumas7106
Modoc4994
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