Stocks sink on Wall Street as new tariff threat looms - News Summed Up

Stocks sink on Wall Street as new tariff threat looms


The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, May 7. (Richard Drew, File/Associated Press)NEW YORK — Stocks fell broadly on Wall Street Tuesday after President Donald Trump’s threat to escalate a trade war moved closer to reality. The stock fell 16.5%. GOOD INSURANCE: American International Group rose 7.6% after beating Wall Street’s first quarter profit forecasts. STROLLING: Footwear company Crocs rose 2% after beating Wall Street’s profit and revenue forecasts for the first quarter.


Source: Washington Post May 07, 2019 05:31 UTC



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