US stocks closed mixed amid trade war fears
iStock/Thinkstock(NEW YORK) — U.S. stocks closed mixed on Friday as fears of a trade war continue to rattle Wall Street.
The Dow Jones Industrial Average slid 70.92 (-0.29 percent) to finish the session at 24,538.06.
The Nasdaq jumped 77.31 (+1.08 percent) to close at 7,257.87, while the S&P 500 finished trading at 2,691.25, down 13.58 (+0.51 percent) for the day.
Crude oil prices were up about 0.6 percent and over $61 per barrel.
Tariffs: Investors are still fretting over President Trump’s proposed steel and aluminum tariffs and the prospect of a “trade war.” The president announced Thursday that the U.S. will impose a 10 percent tariff on imported aluminum and a 25 percent tariff on imported steel beginning next week.
On Friday, Trump tweeted that “trade wars are good, and easy to win.”
Winners and Losers: Shares of Snapchat parent Snap Inc. rallied 4.65 percent after a report from business news site Cheddar said the company is working on two new versions of its Spectacles glasses.
Foot Locker reported revenue and same-store sales in the fourth-quarter that missed investors’ expectations. Shares tumbled 12.69 percent.
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