US Stocks Sag Amid Trade Worries
US stocks sagged Tuesday amid growing concerns over US-China trade friction, which weighed on the outlook for the region. The S&P 500 dipped 0.5% to 5,983.25, while the Dow Jones Industrial Average added 0.1% to 43,461.21. Starbucks rose 1.3% after announcing plans to cut 1,100 corporate jobs and leave several hundred more positions unfilled.
- The escalating trade tensions between the US and China are having a ripple effect on global markets, with investors becoming increasingly risk-averse as the uncertainty around tariffs continues to mount.
- How will the ongoing trade war impact the economic prospects of key Asian economies, such as Japan and South Korea, which have already been feeling the effects of reduced exports due to Chinese tariffs?