Dow closes down nearly 460 after earlier 700-point plunge

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Banks, retailers, health care and energy companies climbed Tuesday as US stocks regained much of what they lost in a steep drop a day earlier.

Technology companies again drove much of the gains. The Dow shed 616.11 points, or 2.3%, during the three-month period, while the S&P lost 1.2%. Companies in the S&P 500 are projected to report a 17.3% increase compared with the year-ago period, according to Factset.

The Dow moved higher as gains in shares of Nike and those of Johnson & Johnson, recently up 2.9 percent and 2.2 percent respectively, outweighed declines in shares of General Electric and those of Walt Disney, down 1.1 percent and 0.5 percent respectively. So we can expect to see this trade war continue.

After a shaky start, USA stocks moved higher. The offer is reported to be for less than Viacom's current market value, and Viacom stock fell 2.8 percent to $29.69.

US crude gained 14 cents to $63.15, copper jumped 1.4 percent for its fourth straight gain and spot gold ticked down 0.2 percent to $1,338.08 an ounce.

That deflated some previously high-fliers including Amazon, Microsoft and Facebook.

In this November 9, 2016, file photo an image of then-President-elect Donald Trump appears on a television screen on the floor of the New York Stock Exchange.

Those comments caught many by surprise because U.S. Trade Representative Robert Lighthizer has spent months trying to renegotiate NAFTA with Canada and Mexico, and they are hoping to make progress later this year. Yields had come under pressure in recent weeks as investors sought safety in US bonds due to stock market volatility.

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

Among Oregon companies, ESI was down 8 percent, Intel was down 4.7 percent and Nike fell 4.2 percent.

The Nasdaq is down 33.27 points, or 0.5 percent.

Some of the market's woes stem from the fact that several of the largest technology companies have come under fire at about the same time.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest. The online retailer was also repeatedly criticized by President Donald Trump last week over its shipping deals with the U.S. Postal Service. Beijing has promised to retaliate with new sanctions of its own.

The Russell 2000 index of smaller-company stocks sank 36.90 points, or 2.4 percent, to 1,492.53.

Returning from the long Easter holiday weekend, Europe's stock markets tracked others lower, though the scale of the losses were diminished by expectations of a rebound on Wall Street later.

Japan's Nikkei 225 declined 0.79 percent amid broad-based losses, but was off its session lows. The Hang Seng in Hong Kong was closed as well. The S&P 500 fell by 2.3 percent, after recovering from a decline of around 3 percent.

Gold slid 0.7 percent to $1,337.30 an ounce. 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. CBS rose 2.5 percent. The euro dipped to $1.2288 from $1.2306.

U.S. WTI crude oil +0.7% at $63.46/bbl. Coca-Cola climbed 1.8 percent and Johnson & Johnson added 2 percent.

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