Monday, May 13, 2019

Tech stocks tumble as China retaliates in latest salvo of the trade war – TechCrunch

Shares of technology companies were hit hard as China retaliated against the U.S. in the latest salvo of the ongoing trade war between the two countries. The S&P 500 Index shed roughly $1.1 trillion of value while the Dow Jones Industrial Average and the Nasdaq Composite Index fell 2.38% and 3.41%, respectively. On Monday, China responded in equal measure to the U.S. raising tariffs on imports

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