Market Snapshot: Stocks set to sink as new China tariffs rekindle trade-war jitters

U.S. stocks fell on Wednesday, with major indexes set for their first decline of the past five sessions after the Trump administration announced new tariffs on Chinese goods, the latest example of escalating tensions between the U.S. and its major trading partners, which investors fear could explode into a full-on trade war.

What are markets doing?

The Dow Jones Industrial Average DJIA, -0.61% fell 156 points, or 0.6%, to 24,762. The S&P 500 SPX, -0.52% was down 13 points, or 0.5%, to 2,781. The Nasdaq Composite Index COMP, -0.53% shed 0.4% to 7,726, a decline of 0.4%.

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