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What’s moving markets today: May 13, 2019

Updated 4:00 PM EDT, Mon May 13, 2019
China retaliates with higher tariffs on US goods

What we covered here:

  • Markets check: The Dow closed down  617 points after Beijing said it will raise tariffs on $60 billion worth of US goods.
  • Some investors argue that the biggest problem between the US and China probably isn’t the trade balance. It’s the issue of fair trade and IP theft.
  • Uber (UBER) shares are below $40 on its second day of trading. The stock is down 17% since its debut.
  • Stress eating? Shares of Hershey (HSY) hit a new record high today, and are now up nearly 20% for the year.
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