Chinese Imports: Points and Benchmarks Fare

chinese imports: Chinese state media indicated little appetite in Beijing to resume negotiations following Trump administration's move to raise tariffs on Chinese imports, suggesting that the economic standoff between the two largest economies in the world may be a painful and a protracted one, according to Market Watch. How did the major benchmarks fare The Dow Jones Industrial Average DJIA, -0.38% slid 98.68 points, or 0.4%, to 25,764 and the S&P 500 index SPX, -0.58% lost 16.79 points, or 0.6%, to 2,859.53. U.S. stocks bounced back from deep losses Friday but still closed lower as trade-related jitters overshadowed strong economic data. The Nasdaq Composite Index COMP, -1.04% declined 81.76 points, or 1%, to 7,816.28. The S&P 500 fell 0.8% on the week while the Nasdaq dropped 1.3%. What drove the market Consumer sentiment rose to a 15-year high of 102.4 in May, well above the 97.1 expected by economists polled by Market Watch and April's reading of 97.2, according to the University of Michigan's consumer sentiment index. The Dow shed 0.7% for the week, bringing its weekly losing streak to four, the longest since May 2016. (news.financializer.com). As reported in the news.