Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
The Trump administration's history with trade has been volatile for stocks, usually sending them lower at first, but investors who have bought equities on those dips have been rewarded.
The Dow Jones industrial average, and Nasdaq composite this year dropped on average at least 0.4 percent immediately after an announcement on trade policy from the U.S. or its partners, according to CNBC analysis using Kensho. The analysis takes into account six instances this year in which the Trump administration and the European Union have announced they will impose tariffs or had threatened to impose them on certain goods.
Leading the major indexes lower when trade worries rise are industrials and financials, which fall at least 0.6 percent in these instances, the analysis shows. Materials are also among the biggest laggards.
Large-cap industrials like Boeing and Caterpillar do a lot of business overseas, making them susceptible to rising trade tensions. Financials, meanwhile, are usually pushed down by a decline in long-term rates as investors load up on U.S. sovereign bonds in their search for safety.
Late on Monday, President Donald Trump asked the United States Trade Representative to identify $200 billion worth of Chinese goods for additional tariffs, at a rate of 10 percent. If China "refuses to change its practices" and insists on continuing with the new tariffs it recently declared, then the additional levies would be imposed on Beijing, Trump said.
Soon after, the Chinese Commerce Ministry issued a response, stating that the latest threat of more tariffs violates previous negotiations and consensus reached between the U.S. and China. "The United States has initiated a trade war that violates market laws and is not in accordance with current global development trends," the ministry said.
The news rattled Wall Street, sending stocks down sharply. This, however, might be a good time to buy stocks. According to Kensho, the major averages are up at least half a percent just five trading days after the news on U.S. trade.
The previous rebounds have largely been led by consumer and health-care stocks, all of which average returns of at least 1 percent.
Industrials, however, still struggle five days after the initial decline, averaging a loss of 0.06 percent.