The Dow Jones industrial average, S&P 500 index, and Nasdaq composite all slid during intraday trading on Friday.
Rising trade tensions between the US and China pushed stocks toward their worst week of 2019 as major indexes slid by more than 1.3% at their lowest levels. On Friday, China announced its intentions to retaliate against the US for imposing a new 10% tariffs on $300 billion worth of Chinese products. Employment data for July was also released on Friday, with the US economy adding 164,000 nonfarm payrolls during the month.
Rising trade tensions between the US and China pushed stocks toward their worst week of 2019 as major indexes slid by more than 1.3% at their lowest levels. On Friday, China announced its intentions to retaliate against the US for imposing a new 10% tariffs on $300 billion worth of Chinese products. Employment data for July was also released on Friday, with the US economy adding 164,000 nonfarm payrolls during the month.
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