NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are plunging at the open on Wall Street Monday after China announced retaliatory tariffs against goods from the United States.
China plans tariff hikes on $60 billion of U.S. imports after the Trump administration on Friday raised tariffs on $200 billion in Chinese imports from 10% to 25%.
Technology, industrial and consumer-focused companies are bearing the brunt of the losses. Apple is down 4.4% while Caterpillar is off by 4%. Read more at AP