The Dow Jones Industrial Average fell more than 200 points and the other major indexes were lower, as China’s retaliatory action against tariffs imposed by US reignited fears of a possible trade war.
At 7:12 am ET, Dow e-minis were down 142 points, or 0.56 percent. S&P 500 e-minis were down 10 points, or 0.36 percent.
At 9:56 am EDT the Dow Jones Industrial Average was up 63.60 points, or 0.25%, at 25,264.80, the S&P 500 was up 6.04 points, or 0.22%, at 2,781.67.
Wall Street’s main indexes posted small gains on Tuesday as bank shares gained in anticipation of an interest rate hike by the Federal Reserve at its two-day policy meeting.
US stocks edged higher, helped by gains in Facebook and a handful of healthcare stocks ahead of a highly anticipated meeting between President Donald Trump and North Korean leader Kim Jong Un.
At 10:02 am EDT the Dow Jones Industrial Average .DJI was down 3.86 points, or 0.02%, at 25,312.67, the S&P 500 .SPX was up 2.91 points, or 0.10%, at 2,781.94.
At 8:47 am ET, Dow e-minis were up 12 points, or 0.05 percent. S&P 500 e-minis were down 0.5 points, or 0.02 percent.
Investors have long focused on rewarding companies that can multiply sales in a relatively slow-growth US economy like Netflix and Amazon.
US stock indexes were lower as shares of Apple and its suppliers fell, following a report that the iPhone maker was planning to produce fewer phones this year.
The S&P 500 posted slight gains on Thursday as declines in technology companies and packaged food makers, dragged down by J.M. Smucker’s quarterly report, were offset by rising energy shares.
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