For more than three months, investors have focused on U.S. negotiations with trading partners including China, Europe, Canada and Mexico. When the market hasn't been whipsawed by the trade drama, it's found comfort in strong corporate earnings and U.S. economic growth. Companies that make pork, consumer goods and liquor have also come under pressure because they might be targeted by retaliatory tariffs. Technology companies have made huge gains recently, helped by strong earnings and analysts' view that businesses will continue to spend more money on technology in the years to come. While technology companies make a lot of their sales outside the U.S., investors feel tariffs are less of a threat for tech companies than they are for machinery makers.

Source: ABC News June 08, 2018 10:13 UTC