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US stocks fall, on track for weekly losses on global trade war fears

The S&P 500 posted no new 52-week highs and 25 new lows; the Nasdaq Composite recorded 50 new highs and 63 new lows


The Dow and S&P 500 fell on Friday and were on track for weekly losses as investor anxiety built over a possible global trade war following President Donald Trump's threat to impose import tariffs on steel and aluminium. Europe has drawn up a list of U.S. products from bourbon to Harley Davidson motorbikes on which to apply tariffs if Trump carries out his plan, European Commission President Jean-Claude Juncker said. U.S. Commerce Secretary Wilbur Ross played down the fears, saying "hysteria over tariffs is a lot to do over nothing." Trump's announcement ...

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First Published: Sat, March 03 2018. 02:40 IST