Stocks close lower as trade-war fears resurface

U.S. stock benchmarks ended the day lower, after the White House approved new tariffs on Chinese imports, causing trade-war jitters to ripple across markets. The Dow Jones Industrial Average came off 0.4% and slipped 0.9% on the week, while the S&P 500 closed 0.1% lower and stood unchanged in positive territory on the week. The tech-heavy Nasdaq Composite Index fell 0.2% on the day, but jumped 1.3% on the week. In individual stocks, energy producers such as Exxon Mobil Corp fell on the expectation that the Organization of the Petroleum Exporting Countries would agree to increase output next week.

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