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NEW YORK (AP) — The latest on developments in financial markets (all times local):
4:00 p.m.
U.S. stocks are closing sharply lower as fresh trade worries hit stock markets around the world.
Chipmakers sank amid reports the Trump administration will limit technology exports to China as well as investment by China. Micron Technology, which gets half its revenue from China, lost 6.6 percent.
Harley-Davidson fell 6 percent after it said it will start building some motorcycles bound for Europe in factories overseas in response to tariffs by the EU.
Bond prices rose. The yield on the 10-year Treasury note slid to 2.88 percent. The dollar weakened against several major currencies.
The Dow Jones industrials slid 328 points or 1.3 percent to 24,253, its lowest close since early May.
The S&P 500 index lost 37 points or 1.4 percent to 2,717, and the Nasdaq fell 161 points or 2.1 percent to 7,532.
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11:50 a.m.
U.S. stocks are on track for their worst losses since early April as fresh trade worries hit stock markets around the world.
Chipmakers sank amid reports the Trump administration will limit technology exports to China as well as investment by China. Micron Technology, which gets half its revenue from China, lost 6.2 percent.
Harley-Davidson fell 5.5 percent after it said it will start building some motorcycles bound for Europe in factories overseas in response to tariffs by the EU.
The Dow Jones industrials slid 352 points or 1.5 percent to 24,225.
The S&P 500 index lost 40 points or 1.5 percent to 2,714, and the Nasdaq fell 161 points or 2.1 percent to 7,530.
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9:35 a.m.
U.S. stocks are opening lower on Wall Street Monday amid fresh trade worries buffeting stock markets around the world.
Europe and Asia markets dropped after The Wall Street Journal reported that the Trump administration plans to limit high-tech exports to China and will limit Chinese investment in American technology companies.
Harley-Davidson fell 2.3 percent after it said it will start building some motorcycles bound for Europe in factories overseas in response to tariffs by the EU.
Campbell Soup jumped 6.8 percent after the New York Post reported Kraft Heinz might buy it and that General Mills might also get involved.
The Dow Jones industrials slid 160 points or 0.7 percent to 24,421. The S&P 500 index lost 14 points or 0.5 percent to 2,740, and the Nasdaq fell 58 points or 0.8 percent to 7,636.
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