US stocks move broadly lower as new China tariffs kick in

US stocks move broadly lower as new China tariffs kick in

5 years ago
Anonymous $4ckUSNo_FL

https://apnews.com/16886aadca434d42acd2d4fb56a1d450

NEW YORK (AP) — Stocks fell broadly on Wall Street Tuesday as markets opened after a long weekend to expanded tariffs between the U.S. and China.

Technology companies led the decline. The sector is particularly sensitive to swings in trade relations with China and tariffs have the potential to drive up costs for gadget and chipmakers. Apple, which relies on China as a key part of its supply chain, fell 1%, while chipmaker Nvidia fell 1.5%.