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Tech woes, worsening tensions with China sink United States stocks

Markets bounced back the following Monday on news of successful trade talks between the Trump administration and South Korea.

Amazon.com rose almost 2 per cent, after closing down more than 5 per cent yesterday after President Donald Trump's latest attack on the online retailer.

Other technical indicators are more favorable to Nasdaq 100 members, particularly for the FANG quartet of Facebook Inc., Apple Inc., Netflix Inc. and Google parent Alphabet Inc.

"The fact that a country has actually raised tariffs in retaliation is an important step in the wrong direction", she said.

"I am right about Amazon costing the United States Post Office massive amounts of money for being their Delivery Boy", Trump tweeted. Eastern time. It dropped 2.2 percent a day earlier. Companies in the S&P 500 are projected to report a 17.3% increase compared with the year-ago period, according to Factset.

After peaking at nearly $1,600 a share last month, Amazon shares have slumped recently as investors took a more cautious approach to stocks.

The S&P 500 fell 58 points, or 2.2 percent, to 2,581, slightly above its low for the year reached February 8.

The June gold contract closed up $19.60 at US$1,346.90 an ounce and the May copper contract was up two cents at US$3.05 a pound.

Trump has approved possible higher USA duties on $50 billion of Chinese goods in response to complaints that Beijing steals or pressures foreign companies to hand over technology.

North Atlantic Treaty Organisation joins 25 nations in Russian expulsions over spy attack
Australia also joined the coordinated movement to expel Russian diplomats by asking two to leave the country within seven days. Moscow, though, has repeatedly denied involvement. "Rest assured, we will respond".

Amazon spiked 2 percent to $1,403 after Bloomberg News reported that the White House isn't talking about taking any steps against the company.

Warne, of Edward Jones, said investors are being cautious for now, but it's not clear if anything will come of Trump's badmouthing the company. It wasn't the only market favorite to fall out of favor Monday. Brent crude, used to price worldwide oils, slid $1.70, or 2.5 percent, to $67.64 a barrel in London.

Tesla fell $13, or 4.9 percent, to $253.13. Humana gained 4.4 percent while Walmart slid 3.8 percent.

Tesla (TSLA) came under regulatory scrutiny after a second crash this year involving the electric auto company's Autopilot driver-assistance system, the latest of which involved a death. Nvidia, a chipmaker that reportedly stopped its own work on products for semi-autonomous cars after the recent incidents, lost $9.17, or 4 percent, to $222.42.

Specialist Peter Giacchi, left, calls out prices before Spotify's IPO on the floor of the New York Stock Exchange, Tuesday, April 3, 2018.

In Europe, the Stoxx 600 Index ended the day with a 0.5 percent decrease from the previous close.

Bond prices declined. The yield on the 10-year Treasury note rose to 2.79 percent from 2.73 percent.

Benchmark U.S. crude lost $1.76, or 2.7 percent, to $63.18 a barrel in NY. The Nasdaq rose 2.3%, closing higher for the seventh quarter in a row. Hong Kong's Hang Seng bucked the trend, ending up 0.2 per cent at 30,137.49.

CURRENCIES: The dollar declined to 105.99 yen from 106.50 yen.

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