“Sentiment was already poor to start the day and then the weaker-than-expected manufacturing data just added fuel to the fire,” said Dave Mazza, managing director and head of product at asset management firm Direxion in New York. “We now have confirmation that the escalation in the trade war has spilled over to U.S. manufacturing just as it has to manufacturing around the globe,” he added. U.S. stocks started the day on weak footing as Washington and Beijing kicked off a new round of tariffs over the weekend, worrying investors who see no signs of an early resolution to the long-running trade war, which has rattled markets for months and weighed on world economies.

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source https://finance.yahoo.com/news/us-stocks-wall-street-bogged-173319620.html?.tsrc=rss