Trade-war Worries Impact Stock Markets

- Jun 21, 2018 -

HIGH POINT -- Investors concerned about what they see as escalation to a potential trade war had major stock averages dropping on Tuesday morning.

President Trump had said he’s considering tariffs on another $200 billion in Chinese goods if China doesn’t accommodate U.S. trade demands, and markets reacted immediately.


Shortly after 2 p.m., the Dow Jones Industrial Average was off 1.19% to 24,689.97; the S&P 500 was down 0.42% to 2,762.08; and Nasdaq was off 0.47% at 7710.83.


Home furnishings shares weren’t immune. Here’s a look at some examples in the same time frame:

  • La-Z-Boy shares were down 0.68% since opening bell.

  • Leggett & Platt, off 0.2%.

  • RH, off 1.23%.

  • Wayfair, down 0.23%.

  • Williams-Sonoma, off 0.1%.

  • Flexsteel, off 0.05%.

  • Dorel, down 2.59%.

  • At Home Group, off 1.73%.

Some home furnishings shares are doing better today, though:

  • Bassett was up 3.89% since opening bell.

  • Tempur Sealy, up 3.72%.

  • Culp, up 0.96%.

  • Ethan Allen, up 0.81%.

  • Hooker Furniture, up 0.74%

  • Havertys, up 0.68%.

  • Amazon, up 0.1%

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