8/1/2019, 10:04 PM (Source: TeleTrader)
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US stocks end lower after Trump calls for more tariffs

Markets in the United States closed in the red on Thursday after the US President Donald Trump called for new tariffs on $300 billion worth of Chinese imports. Trump justified these punitive measures after the US trade delegation returned to Washington without reaching a binding deal with the Chinese counterparts. Before this announcement, the US equities traded in the green despite somewhat disappointing manufacturing data published before the opening bell.

The Dow Jones ended the day 1.05% down, reduced by more than 282 points and one more falling bellow 27,000 points mark. Goldman Sachs dropped 3.64% and Caterpillar Inc slid 3.46% at the closing bell. The Nasdaq 100 fell 0.61%, pushed lower by Wynn Resorts Ltd's 5.50% losses. The S&P 500 ended the session 0.90% lower with Abiomed as the worst performer, which plummeted 26.45% at the session's end.

The euro gained 0.11% against the dollar to sell for 1.1088 at 4:02 pm ET.

Breaking the News / MA