Wall Street sinks as yuan slide inflames U
While stocks pared losses in the last hour of trading to finish off their session lows, the benchmark S 500 coque iphone 5 vw combi fell about 3% to notch coque iphone 5s attrape rêve its biggest one day percentage decline since Dec. 4. The index has fallen for six straight sessions and is now about 6% below its record closing high on July 26.The yuan weakened past the coque samsung a70 seven per dollar level, its lowest in 11 years, after the People’s Bank of China, with the blessing of policymakers, set its coque iphone 5s chicago bulls daily midpoint at coque iphone 5s minie the weakest level in eight months.On Twitter, Trump called the action a “major violation” and “currency manipulation.”Several investors viewed the coque samsung j4 move in coque iphone 6 grey’s anatomy the yuan as a direct response to Trump’s announcement of 10% tariffs on an additional $300 billion of Chinese imports.”It’s the escalation of the trade war,” said Steven DeSanctis, image pour coque iphone 5 equity strategist at Jefferies in New York. “The dollar strengthening presents another issue. companies that do substantial business in China by effectively coque iphone 6 protection intégrale raising the cost of their goods for Chinese customers. farm products that were bought coque iphone 5 humoristique after Aug. 3.Shares of S 500 technology companies , which coque iphone 5 coque samsung j7 etui are heavily exposed to Chinese markets, dropped 4.1%.Apple personnaliser ma coque iphone 5c Inc shares slid 5.2% as analysts warned that the newly proposed tariffs may hurt demand coque iphone 5c silicone chocolat for the iPhone, while the Philadelphia semiconductor index dropped 4.4%.”There’s a little bit of coque iphone 5c métalique a coque iphone 5c violet vacuum in the market for the next several weeks,” he said. coque samsung s6 “We’re in this corrective phase, and it likely has further to go.”The Dow Jones Industrial Average fell 767.27 points, or 2.9%, to 25,717.74, the S 500 lost 87.31 points, or 2.98%, to 2,844.74 coque iphone 5s a personaliser coque samsung 1 and the Nasdaq Composite dropped 278.03 points, or 3.47%, to 7,726.04.The Cboe Volatility Index , an options based gauge of investor anxiety, rose 6.98 points to 24.59, its highest in about seven months.No. meat processor Tyson Foods Inc was one bright spot. Its shares rose 5.1% after the company beat quarterly profit estimates.Declining issues outnumbered advancing ones on the NYSE by a 6.36 to 1 ratio; on Nasdaq, a 6.46 to 1 coque iphone 5s jimi hendrix ratio favoured decliners.The S 500 coque iphone 5 alu brossé posted three new 52 week highs and 32 new lows; the Nasdaq Composite recorded 13 new highs and 280 new lows.(Reporting by April Joyner; Additional reporting by Saqib Iqbal Ahmed and Sinad Carew in New York and Medha Singh and Arjun Panchadar in Bengaluru; Editing by Saumyadeb Chakrabarty, Steve Orlofsky and Dan Grebler)..