Published: Thu, April 05, 2018
Science | By Cecil Little

USA stocks open with sharp declines (no surprise there)

USA stocks open with sharp declines (no surprise there)

The key takeaway for investors is that China is prepared to take off the gloves if necessary in the trade fight.

The S&P opened and stayed below its 200-day moving average, a key support level watched by traders technical analysts, while the Dow held just above that mark.

Japan's Nikkei 225 surged 1.6 percent to 21,667.83 and South Korea's Kospi jumped 1.5 percent to 2,442.40.

Wall Street posted major losses Monday, with the Nasdaq erasing its year-to-date gains on a selloff in tech stocks and fears of a trade war between the USA and China.

Inc shares oscillated between gains and losses on Tuesday and was last up 1.7 percent. The Asian country has announced additional duties on 106 USA products on Wednesday, less than 24 hours after the White House administration publishes a list of 1300 Chinese products on which intends to impose 25% import duties. CBS shares were up 2.6 percent. President Donald Trump's top economic adviser, Larry Kudlow, suggested the USA tariffs won't be implemented if China lowers barriers to trade.

Supreme Court sides with officer in Arizona police shooting
Anxious that Hughes was threatening Chadwick, one officer, Andrew Kisela , shot her four times through a chain-link fence. The Supreme Court, quoting one of the 9th Circuit judges, said the comparison "does not pass the straight-face test".


The Dow Jones Industrial Average rose 230.94 points, or 0.96 per cent, to close at 24,264.30, the S&P 500 gained 30.24 points, or 1.16 per cent, to 2,644.69 and the Nasdaq Composite added 100.83 points, or 1.45 per cent, to 7,042.11. The Toronto Stock Exchange's S&P/TSX Composite Index was down 106.59 points, or 0.7 per cent, to 15,074.17, rebounding slightly after falling its lowest level since February 9. Caterpillar fell three percent.

Hong Kong's Hang Seng slumped 2.2 percent with the decline accelerating in the final minutes of trading after Beijing announced specifics of its tariff hikes.

The biggest worry for investors is that an escalating trade war will derail a global economy that has gotten to a point where it's largely growing in unison.

Nervous investors are hoping an unusually strong USA earnings season can restore some of the optimism that characterized equity markets a year ago.

Spotify Technology SA provided some hope after its shares opened at $165.90, almost 26 percent above the reference price of $132 a share set by the NYSE late on Monday.

Kenosha County voters weigh in on Gov. Walker's warning of 'Blue Wave'
Those elections, for seats that had been held by Republicans until they left to join Walker's administration, will be June 12. Liberal Milwaukee County Circuit Court Judge Rebecca Dallet defeated conservative Sauk County Judge Michael Screnock .


Bond prices turned lower.

Yields on the 10-year Treasury notes rose for the first time in four days.

Microsoft rose 1 percent and Amazon climbed 1.3 percent.

The euro appreciated against the dollar by 0.09% to 1.2281 USD.

PMO to I&B Ministry
The PMO further said the matter should be addressed by press bodies such as the Press Council of India (PCI ). Germany approved a plan previous year to fine social media networks if they fail to remove hateful postings.


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