US Equity Handover: Stocks Tank on Trade Turmoil

Matt Weller
By :  ,  Head of Market Research


Headlines

  • US indices dropped sharply, shedding almost 2% across the board on fears of escalating tariffs in the US-China trade war.
  • All eleven major sectors closed lower on the day. Technology stocks (XLK) were the worst performers, falling nearly 3%, while utilities (XLU) were the best performers, though they still lost 0.7% on the day.
  • Wall Street’s “fear index,” the VIX, rocketed to almost 22, a nearly 70% rise since the start of the week.
  • Beyond Meat (BYND) rallied again today, reaching a 240% gain from Thursday’s IPO price intraday.

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*Data from Refinitiv. Index names may not reflect tradable instruments and not all markets are available in all regions.


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