Us Stocks Show Mixed Results Over Escalating Trade War

Wall Street stocks showed mixed results in early trading on Wednesday as markets reacted to the latest round of tariff increases from the United States, along with retaliatory measures from China and the European Union.

Around 15 minutes into the session, the Dow Jones Industrial Average was down by 0.5 per cent at 37,465.28.

The broad-based S P 500 saw a slight dip of 0.1 per cent to 4,976.88, while the tech-heavy Nasdaq Composite Index gained 0.7 per cent, reaching 15,367.67.

The uncertain start to the trading day followed a volatile session on Tuesday. Stocks rallied in the morning due to optimism over potential trade deals, only to fall sharply in the afternoon after the White House confirmed plans to significantly raise tariffs on China.

New US tariffs of 104 per cent on Chinese goods came into effect early Wednesday, prompting Beijings finance minister to respond by raising tariffs to 84 per cent on US goods.