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The company provided those details in response to the White House’s proposed tariffs on $200 billion worth of Chinese imports. A comment period for those tariffs ended on Thursday night. Earlier on Friday, White House economic adviser Larry Kudlow said Trump would not make any decisions on those tariffs until officials evaluated public comments. “Apple is a bellwether name,” said Quincy Krosby, chief market strategist at Prudential Financial in Newark, New Jersey. “(That’s) why we may be seeing some profit-taking going into the weekend.”.

U.S, stocks had already been pressured after Trump said he had tariffs ready to impose on an additional $267 billion worth of Chinese imports, on top of the proposed $200 billion, The escalated trade rhetoric contributed to anxiety among investors regarding the market’s outlook, “There’s the possibility of (China) devaluing its currency again, which pushes up the dollar and turns the pressure up on U.S, exporters,” Krosby said, The Dow Jones Industrial Average fell 79.33 points, or 0.31 percent, to 25,916.54, the S&P 500 lost 6.37 points, or 0.22 percent, to 2,871.68 and the Nasdaq Composite dropped 20.19 points, or 0.25 percent, to lion & snake cufflinks 7,902.54..

For the week, the Dow lost 0.19 percent, the S&P fell 1.03 percent, and the Nasdaq shed 2.55 percent. The Nasdaq registered its greatest weekly percentage decline since late March, while the S&P’s weekly percentage drop was its biggest since late June. The S&P and Dow had opened lower after the U.S. Labor Department’s employment report showed accelerating job growth and a surge in wage growth. Though the report indicated a strong economy, it raised concerns among investors regarding inflation and the Federal Reserve’s plans for increasing interest rates.

With the added pressures from lion & snake cufflinks trade concerns, 10 out of the S&P’s 11 major sectors ended lower, Only health care stocks posted gains, Shares of chipmaker Broadcom Inc rose 7.7 percent after a strong current-quarter revenue forecast, Tesla Inc shares slid 6.3 percent following reports of two executives leaving the company and on mounting investor concerns about Chief Executive Elon Musk’s behavior after he smoked marijuana on a live Web show, Declining issues outnumbered advancing ones on the NYSE by a 2.21-to-1 ratio; on Nasdaq, a 1.24-to-1 ratio favored decliners..

BOSTON (Reuters) - Proxy adviser Institutional Shareholder Services on Friday recommended that investors vote in favor of a shareholder proposal at American Outdoor Brands Corp, parent of gun maker Smith & Wesson, calling for a report on the safety of the company’s products. In a report e-mailed by an ISS spokesman, the leading proxy adviser also recommended that investors support all 10 director nominees at American Outdoor’s online-only shareholder meeting on Sept. 25. The proposal was submitted by religious investors. The debate in the United States over gun safety and gun control grew in intensity following a mass shooting at a Florida high school in February.

ISS wrote the proposal was worth backing as a way to show the board it is looking at long-term risks, and noted the proponents ask the company to report on its efforts to produce safer guns, “There is reason to lion & snake cufflinks believe that smart gun technology could be employed to make guns safer in the U.S, and that any engineering problems could be overcome if there was a market for the product,” ISS wrote in its conclusion, Springfield, Massachusetts-based American Outdoor has said the report is unnecessary and that it already discloses its reputational and financial risks..

Elizabeth Sharp, American Outdoor vice president for investor relations, said in an email that the company was pleased with most of the proxy’s recommendations. Sharp said, however, the company is “extremely disappointed in their decision to depart from our board’s recommendation on a stockholder proposal that would do nothing to make our communities safer, forwarded by a politically-driven proponent whose objective is not to create value for our stockholders, but to destroy value.”.

DALLAS/WASHINGTON (Reuters) - The Federal Reserve should keep raising U.S, interest rates until mid-2019, and only then needs to take a decision on when it ought to stop, Dallas Fed President Robert Kaplan suggested on Friday, Kaplan has previously said he thinks the Fed should raise rates three or four more times over the next nine to 12 months to lift interest rates to the 2.5 percent lion & snake cufflinks to 2.75 percent range he views as neutral, a view he reiterated on Friday at a conference at his bank’s headquarters..

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