Stocks sink, bonds gain as U.S.-China feud deepens

U.S. STOCKS fell Friday on following the escalation of the U.S. and China trade war. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
U.S. STOCKS fell Friday on following the escalation of the U.S. and China trade war. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE
NEW YORK – United States stocks slumped and Treasuries rallied after President Donald Trump said he’ll respond to new Chinese tariffs and blasted Federal Reserve Chairman Jerome Powell. The dollar fell. Equities started the day lower after China threatened to impose additional tariffs on $75 billion of American goods. The S&P 500 Index briefly rebounded as…

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