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Markets Right Now: Renewed tariff threats weighs on stocks

Specialists Dilip Patel, left, and Patrick Murphy work at their posts on the floor of the New York Stock Exchange, Wednesday, July 11, 2018. Stocks are opening lower on Wall Street, following declines in Europe and Asia, after Washington threatened to expand tariffs on Beijing and China said it would retaliate. (AP Photo/Richard Drew)

NEW YORK (AP) — The latest on developments in financial markets (all times local):

4 p.m.

Stocks are closing lower after the Trump administration released a list of more goods that could be hit with tariffs and China said it would retaliate.

Bond prices and utilities rose Wednesday as investors sought to minimize risk. The dollar rose against other currencies and the price of oil slumped.

Industrial and energy companies fell more than the rest of the market. Boeing lost 1.9 percent and Chevron gave up 3.2 percent.

Chipmaker Micron, which relies on China for half of its sales, sank 2.8 percent.

The declines follow a four-day winning streak.

The S&P 500 fell 19 points, or 0.7 percent, to 2,774.

The Dow Jones Industrial Average lost 219 points, or 0.9 percent, to 24,700. The Nasdaq composite gave up 42 points, or 0.5 percent, to 7,716.

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11:45 a.m.

Stock indexes are falling after the Trump administration released a list of $200 billion in goods that could be hit with tariffs and China said it would retaliate.

Energy and industrial companies and basic materials makers are taking some of the worst losses Wednesday. Chevron fell 2.7 percent and Boeing lost 1.8 percent.

Chipmaker Micron, which relies on China for half of its sales, sank 3 percent.

The declines follow a four-day winning streak for U.S. stocks.

The S&P 500 fell 16 points, or 0.6 percent, to 2,777.

The Dow Jones Industrial Average lost 178 points, or 0.7 percent, to 24,740. The Nasdaq composite gave up 40 points, or 0.5 percent, to 7,717.

Bond prices rose. The yield on the 10-year Treasury fell to 2.85 percent.

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9:35 a.m.

Stocks are opening lower on Wall Street, following declines in Europe and Asia, after Washington threatened to expand tariffs on Beijing and China said it would retaliate.

Technology and industrial stocks, which would have much to lose if the U.S.-China trade dispute continues to escalate, fell more than the rest of the market.

Chipmaker Micron, which relies on China for half of its sales, sank 2.2 percent. Boeing fell 1.1 percent.

The declines follow a four-day winning streak for U.S. stocks.

The S&P 500 fell 12 points, or 0.4 percent, to 2,781.

The Dow Jones Industrial Average lost 138 points, or 0.6 percent, to 24,781. The Nasdaq composite gave up 32 points, or 0.4 percent, to 7,726.

Bond prices rose. The yield on the 10-year Treasury fell to 2.85 percent.