S.& P. 500–2.03%DOW–1.71%NASDAQ–2.26%
'Wall Street stocks were lower on Friday, after market fell in Europe and Asia, as investors weighed a brewing trade war between China and the United States that could hobble an otherwise healthy global economy.
Markets in New York began the day higher, but began slipping through the morning. By midday all three major indexes — the Standard & Poor’s 500-stock index, Dow Jones industrial average and Nasdaq composite — had all lost ground.
Benchmark indexes in London, Paris and Frankfurt all dropped on Friday. Losses in Asia were much greater. In Tokyo, major exporters like Toyota and Sony helped to lead a 4.5 percent drop in the key index. Shares in Shanghai closed down 3.4 percent. South Korean stocks fell 3.2 percent.
“This can turn ugly on a global scale very quickly,” Robert Carnell, chief economist for the Dutch financial services group ING Asia, wrote in a note to clients.
Traders in particular have focused on the risks to the global economy from tit-for-tat restrictions announced by the United States and China, along with increasingly protectionist moves by Washington elsewhere, as well — the United States has brought in tariffs on steel and aluminum, albeit with exemptions for key allies, and marginalized the World Trade Organization.'>>>
https://www.nytimes.com/2018/03/23/business/trade-tariffs-markets-stocks-bonds.html?
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