Markets Right Now: Stocks extend losses on Wall Street

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

12:00 p.m.

Stocks are extending their losses at midday as investors opened the week heading for safety amid heightened anxiety over the U.S.-China trade war.

Investors fear that U.S. President Donald Trump's impending Sept. 1 tariff hike on more Chinese imports will scuttle talks aimed at ending their trade war.

Technology companies and banks bore the brunt of the selling. Chipmaker Qualcomm fell 1.2%.

Bank of America and Citigroup fell broadly as bond yields dipped. The yield on the benchmark 10-year Treasury fell to 1.67%

The S&P 500 fell 24 points, or 0.8%, to 2,894.

The Dow Jones Industrial Average lost 258 points, or 1%, to 26,029. The Nasdaq fell 52 points, or 0.7%, to 7,906.

The yield on the 10-year Treasury fell to 1.66%.

____

9:35 a.m.

Stocks are edging lower in early trading on Wall Street amid investor concerns that the U.S.-China trade war may be worsening.

Investors fear that U.S. President Donald Trump's impending Sept. 1 tariff hike on more Chinese imports will scuttle talks aimed at ending their trade war.

Banks and industrial stocks are leading the market lower Monday. Bank of America is down 2.4% and Citigroup is down 2.1%, while General Electric is down 2.2%.

The S&P 500 fell 17 points, or 0.6%, to 2,900.

The Dow Jones Industrial Average lost 204 points, or 0.8%, to 26,079. The Nasdaq fell 53 points, or 0.7%, to 7,905.

The yield on the 10-year Treasury fell to 1.68%.

Must Read

Trump's shrinking trade appeal evident in North...

Aug 22, 2016

North Carolina may be the state most pivotal to Donald Trump's White House bid, and the audience...

With father in tow, Kaine seeks support from...

Aug 23, 2016

Tasked with shoring up union support for Hillary Clinton, running mate Tim Kaine turned Monday to...

The hidden risk to the economy in corporate...

Aug 24, 2016

America has a debt problem, and the big borrower this time may surprise you: Corporate America

Europe hits Apple with a $15 billion-plus tax bill

Aug 30, 2016

The European Union has ordered Apple to pay nearly $15 billion in back taxes to Ireland, plus...

Poll: More voters trust Clinton on health care

Sep 1, 2016

A new poll finds that more voters trust Democratic presidential candidate Hillary Clinton to do a...

Sign up now!

About Us

In The Headline sought to bring professionalism back into journalism, bringing you only the most exclusive and the most impactive news from all over the globe.

Contact us: sales[at]intheheadline.com