Stocks claw back early losses as trade tensions escalate; S&P, Nasdaq see worst week of 2019
Stocks clawed back early losses to end mostly higher Friday, but the S&P 500 and Nasdaq Composite still suffered the biggest weekly declines of 2019 as trade tensions between the U.S. and China escalated. The Trump administration early Friday boosted tariffs on $200 billion of Chinese goods to 25% from 10%. Stocks hit session highs after President Donald Trump Friday afternoon tweeted that talks would continue and that tariffs "might or might not be removed" depending on future negotiations. The S&P 500 rose around 11 points, or 0.4%, to end near 2,881, according to preliminary figures, leaving it with a weekly decline of 2.2%; the Dow Jones Industrial Average ended the day with a gain of around 114 points, or 0.4%, near 25,942, for a 2.1% weekly fall. The Nasdaq Composite rose around 6 points, or 0.1%, to close near 7,917, leaving it with a 3% weekly fall.
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