Dow2 Jul 2018 08:38
The Dow Jones Industrial Average eked out a meager gain in the second quarter, but escalating trade tensions have punished the blue-chip index more than its peers and left it vulnerable to further volatility. The Dow is more prone to trade-related swings than the S&P 500 and other indexes because its multinational constituents, such as Boeing Co. and Caterpillar Inc., receive a significant amount of their revenue from overseas. Renewed threats from President Donald Trump to impose further tariffs and restrictions on China, which was followed by promises of retaliation from Chinese President Xi Jinping, sent the Dow tumbling 0.6% in June, trimming its gains for the second quarter to 0.7%.