Stocks are retreating for the second straight day as U.S.-China tariff worries persist
U.S. stocks fell at the start of trade Tuesday, following Monday’s losses after U.S. officials confirmed that tariffs on imported goods from China could be raised by the end of the week.
Read: With Trump threatening to tighten the trade screws, here’s a look at what tariffs have done so far Chinese investors appeared to take the latest developments in stride, while buyers in so-called haven securities nudged the value of assets perceived as safe slightly lower. Aramark ARMK, -8.94% stock tumbled 12% Tuesday, after the facilities-management company reported first-quarter profits and sales that fell short of analyst expectations.
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