KXIP vs KKR Live Score

But late Thursday, Trump ordered the U.S. Trade Representative to consider placing more tariffs on Chinese imports.

Stocks added to losses and hit session lows in afternoon trading after Federal Reserve Chairman Jerome Powell said the United States central bank will likely need to keep hiking interest rates to keep inflation under control and said it was too soon to know if rising trade tensions would hit the U.S. economy.

The administration spent the past few days reassuring investors that it's not rushing into a trade war, and China's government has done the same.

"China's response to our complaints ... has been unsatisfactory", he said.

"If the market is down it often tends to accelerate on Friday".

"Investors breathed a sigh of relief", Stovall said.

Earlier this week, the Trump administration announced plans for tariffs on $50 billion worth of Chinese goods in retaliation for China's alleged theft of USA intellectual property. Caterpillar, Boeing, and Nike, giants with heavy exposure in China, were among the biggest losers in the index. The S&P 500 declined 2.2 percent, with industrials as the worst-performing sector.

Nixon, of Northern Trust, said businesses also support the idea of making changes in America's trade relationship with China. It fell as much as 767 points.

The selloff in US stocks deepened Friday as the White House's latest trade bluster rattled global financial markets.

Briefing.com analyst Patrick O'Hare said investors were disappointed by the lack of reassurances from Trump administration officials, including Mnuchin, who told CNBC that the administration hoped to negotiate but acknowledged that a trade war was a possibility. China responded by indicating it wouldn't back down, saying it would fight back "at any cost", according to a statement from the Commerce Ministry.

Faster than expected wage growth could renew inflation fears on Wall Street and raise the prospect of faster interest rate increases by the US Federal Reserve. It was his first speech on the economic outlook since taking over as chairman on February 5. Among technology companies, Apple gave up $4.42, or 2.6 per cent, to $168.378 and PayPal shed $3.09, or 4 per cent, to $73.86. The president's top economic adviser said the USA and China are holding "back-channel discussions" to resolve an escalating trade dispute that has unsettled global financial markets.

The Dow Jones and S&P 500 each made all-time highs earlier this year of 26,616.71 and 2,872.87, respectively. Dow futures 1YMcv1 were down 1.7 percent. The S&P closed below that level for the first time since June 2016 on Monday, but it subsequently rebounded above it.

Advancing issues outnumbered decliners on the NYSE for a 2.76-to-1 ratio and on the Nasdaq for a 1.90-to-1 ratio.

The ETF is -3.06% of its 52-Week High and 14.98% of its low, and is now having ATR of 0.37.

About 7.2 billion shares changed hands on USA exchanges. We've also included a 20-day moving average to help identify trends in volatility.