Stocks Pressured on Fresh Trade Fears; Dollar Dips: Markets Wrap

Trump to make announcement on Chinese trade after close
Investors seek refuge in consumer staples, energy; gold climbs

Mohamed El-Erian, chief economic adviser at Allianz, says 2019 looks good for markets.(Source: Bloomberg)

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By Sarah Ponczek

September 16, 2018 at 9:55 PM UTC

Updated on

September 17, 2018 at 8:04 PM UTC

This article is for subscribers only.

U.S. stocks tumbled the most in a month as investors grappled with the latest American threats to expand tariffs on Chinese goods. The dollar slipped and emerging-market currencies declined.

The S&P 500 Index retreated Monday after five straight days of gains, with technology companies including Amazon.com Inc., Apple Inc. and Microsoft Corp. leading decliners. Semiconductor stocks also slumped, and the Nasdaq 100 Index saw its biggest drop since June. Investors sought refuge in consumer-staple and energy stocks such as Procter & Gamble Co. and Exxon Mobil Corp.