U.S. stocks skidded late Thursday following a report that the Trump administration could put tariffs on $200 billion in Chinese goods as early as next week.
The S&P 500 index retreated 12.91 points, or 0.4 percent, to 2,901.13.
The Dow Jones Industrial Average sank 137.65 points, or 0.5 percent, to 25,986.92.
Most Read Business Stories
- Amazon grabs large downtown Bellevue property next to transit hub
- Largest e-recycling fraud in U.S. history sends owners of Kent firm to prison
- Boeing CEO denies any ‘technical slip’ in 737 MAX crashes, as grounding cuts into profit and cash reserves
- Peek inside the Hunts Point mansion, famous for huge art collection, that sold for record $37.5 million WATCH
- Billionaires are worried about capitalism — they should look in a mirror | Jon Talton
The Nasdaq composite gave up 21.32 points, or 0.3 percent, to 8,088.36.
The Russell 2000 index of smaller-company stocks edged down 2.40 points, or 0.1 percent, to 1,732.35.
For the week:
The S&P 500 is up 26.44 points, or 0.9 percent.
The Dow is up 196.57 points, or 0.8 percent.
The Nasdaq is up 142.39 points, or 1.8 percent.
The Russell 2000 is up 6.68 points, or 0.4 percent.
For the year:
The S&P 500 is up 227.52 points, or 8.5 percent.
The Dow is up 1,267.70 points, or 5.1 percent.
The Nasdaq is up 1,184.97 points, or 17.2 percent.
The Russell 2000 is up 196.84 points, or 12.8 percent.