Stocks Halt Rally Amid Lingering Trade-War Risks: Markets Wrap
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Stocks whipsawed as President Donald Trump’s fast-evolving tariff war with top trade partners showed little signs of abating, leaving investors unwilling to take on too much risk after a two-day rally.
That’s even as results from Wall Street’s financial heavyweights underscored an equity-trading boon and still-healthy consumers and businesses. After climbing almost 1%, the S&P 500 finished lower. In late hours, United Airlines Holdings Inc. stood by its full-year profit outlook, but warned a “recessionary” scenario would erode demand and dramatically lower earnings.