Podcast - AM Report 31 Aug 18: Tariff talk weighs on Wall Street

US sharemarkets fell on Thursday. Investors took profits after four days of gains on reports that President Trump was preparing to apply tariffs on US$200 billion of Chinese goods. Investors were also squaring books ahead of the upcoming Labor Day weekend holiday. Shares in Apple rose by 0.9% to record highs. Shares in Campbell Soup fell 2.1% after announcing plans to sell international businesses such as Arnotts Biscuits. The Dow Jones index fell by 138 points or 0.5%. The S&P 500 index lost 0.4% and the Nasdaq fell by 21 points or 0.3%.

 

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