In This Article:
Stocks (^GSPC, ^IXIC, ^DJI) are plummeting as concerns about trade wars grow.
The Nasdaq Composite, led by drops in major tech companies like Tesla (TSLA), Nvidia (NVDA), and Apple (AAPL), is nearing bear market territory.
Retailers Nike (NKE) and Lululemon (LULU) are seeing their stocks rise after President Trump held discussions with Vietnam about lowering tariffs. Meanwhile, DuPont (DD) is under pressure as China launches an antitrust investigation into the company.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo! Finance's Market Minute. US stocks continue to sell off sharply as trade war fears mount. The tech-heavy NASDAQ composite set to close in a bear market. Losses building among the big tech players. Tesla, Nvidia, and Apple leading the declines as China is set to impose a 34% retaliatory tariff on all goods imported from the US. On the flip side, Nike and Lululemon getting a lift after President Trump confirms speaking with Vietnam's top leader on tariffs. Trump said that Vietnam wants to lower its tariffs to zero if it can reach an agreement with the United States. And DuPont sliding as China hits the company with a competition probe. Regulators starting an antitrust investigation into the Chinese subsidiary of the chemicals and materials manufacturer. This comes as DuPont already faces tariff hurdles. And that's your Yahoo! Finance Market Minute.