Stock Market slide: Technology stocks fall, US-China trade fears

Описание: All three indexes in the stock market fell on Wednesday due to poor earnings reports and escalating trade fears with China.

The Nasdaq dropped 0.9%, the S&P 500 fell 0.6%, and the Dow Jones Industrial Average dropped 0.7%.

Meanwhile, tensions between US and China intensified after the United States announced plans to double tariffs on select Chinese goods earlier this week, with the increases set to take effect in November.

Trump said he raised tariffs to 100% on top of existing duties after Beijing tightened export controls on rare earth minerals — a move he described as retaliation for China’s economic pressure.

LiveNOW's Andy Mac discussed the sell-off with Paul La Monica from Barron's.

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