Stocks sink as tariff deadline approaches


Stocks are falling broadly on Wall Street as a midnight deadline approaches for the U.S. and China to reach a trade deal before higher tariffs kick in.

Top trade officials from both countries are meeting in Washington Thursday. If they don’t reach a deal, the U.S. has said it would raise its tariffs on $200 billion worth of Chinese goods as of 12:01 a.m. Friday.

Technology and health care companies fell the most. Intel lost 5.4% and Medtronic fell 2.3%.

Related Content: China-US trade worries weigh on stock markets again

The S&P 500 index fell 32 points, or 1.1%, to 2,846.

The Dow Jones Industrial Average lost 394 points, or 1.5%, to 25,577. The Nasdaq fell 100 points, or 1.3%, to 7,842.

Bond prices rose. The yield on the 10 year Treasury fell to 2.44%.


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