Weekly Financial Update September 7, 2018

Major U.S. stock indexes failed to hold recent highs in the first week of September, led by the technology-heavy NASDAQ Composite Index’s 2.6% weekly decline. 

Last Thursday, the Trump Administration’s public consultation period for an additional $200 billion of tariffs on Chinese imports ended. Friday morning, President Trump stated that he is prepared to levy tariffs on $267 billion of Chinese goods in addition to the $200 billion previously mentioned. This brings the total tariffs threatened on Chinese imports to over $500 billion, around the same amount of goods the U.S. imported from China last year. 

Learn more about S&P, Treasury Bonds and non-farm payroll employment in our weekly finanical update.