US STOCKS-Wall St set to slide at open as Trump warns of new China tariffs

hedge accordingly Newspaper

U.S. stock indexes were set to fall at the open on Friday after President Donald Trump threatened to slap new tariffs on China over the coronavirus crisis, while Apple and Amazon became the latest companies to warn of more pain in the future. Trump said late on Thursday his trade deal with China was now of secondary importance to the pandemic, as his administration crafted retaliatory measures over the outbreak. Wall Street ended lower on the last day of April, taking some shine off the S&P 500 index’s best month in 33 years that was driven by dramatic stimulus measures and hopes of reopening the economy from crushing virus-induced restrictions.

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