Stocks narrowed their losses and finished near session highs on Monday, with the Dow industrials finishing just 103 points lower after trailing by as much as 264.7 points earlier in the day.
The Dow 30 ended trading at 24,987.47, down 103.01 points. The S&P 500 likewise shed 5.79 points to end at 2,773.87, although the Nasdaq Composite added 0.65 points to finish at 7,747.02.
Dow Down More than 100 at Midday
Stocks narrowed their morning losses Monday, but the major indices all remained in the red at midday.
The Dow industrials were down 162.72 points at 24,927.76 shortly after noon ET, while the S&P 500 was off 10.55 at 2,769.11 and the Nasdaq Composite was 15.61 ticks in the red at 7,730.77.
Markets were trading lower amid fears of a widening U.S./Chinese trade war. In particular, key U.S. multinationals Boeing (BA) and Caterpillar (CAT) remained under pressure amid fears that they could face Chinese retaliatory tariffs. Boeing was down $2.76 at $355.12 shortly after noon, while CAT was off $1.27 at $148.75.
Stocks Open Lower on U.S.-Chinese Trade Jitters
Stocks opened significantly lower Monday on continued fears of a U.S.-Chinese trade war.
The Dow Jones Industrial Average fell 232.92 to 24,857.56 shortly after the opening bell. The S&P 500 likewise dropped 20.53 points to 2,759.13, while the Nasdaq Composite shed 58.04 to 7,688.33.