The stock market's biggest losers speak volumes about Trump tariffs [Seeking Alpha]
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Source: Seeking Alpha
The stock market's biggest losers speak volumes about Trump tariffsOne look at thebiggest decliners in the Dow during the past month - companies with large exports to China and at considerable risk if China retaliates against U.S. firms - reveals the depths of investor worries over a potential trade war arising out Pres. Trump's protectionist policies.The Dow's 10 biggest losers over the past month: Boeing (NYSE:BA)-10.2%, DowDuPont (NYSE:DWDP)-8.8%; General Electric (NYSE:GE)-8.7%, Caterpillar (NYSE:CAT)-7.5%, United Technologies (NYSE:UTX)-7.1%, American Express (NYSE:AXP)-6.1%, Walmart (NYSE:WMT)-6.1%, Home Depot (NYSE:HD)-5.5%, Procter & Gamble (NYSE:PG)-5.5%, 3M (NYSE:MMM)-5.4%.“The market is reacting to the news based on the idea there could be some sort of contagion that leads to a trade war breaking out,” says Michael Scanlon at Manulife Asset Management. “If you look atcompanies in the crosshairs of this, it’s Boeing and Caterpillar."Click to subscribe to real-time analytics
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