All eyes are on companies doing business in China as a trade war between the world's two largest economies drags on.
 | MON, MAY 13, 2019 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 185.72 | -11.46 | -5.81% | | INTC | 44.76 | -1.44 | -3.12% | | MSFT | 123.35 | -3.78 | -2.97% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AMD | 26.24 | -1.72 | -6.15% | | BAC | 28.25 | -1.33 | -4.50% | | GE | 9.87 | -0.26 | -2.57% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 26.24 | -1.72 | -6.15% | | AAPL | 185.72 | -11.46 | -5.81% | | INTC | 44.76 | -1.44 | -3.12% | |
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All eyes are on companies doing business in China as a trade war between the world's two largest economies drags on.
Apple, Intel and Caterpillar have all stumbled more than 10% in the six trading days since the president's surprise tweet announcing that levies on a bulk of imported goods from China would go from 10% to 25%. United Technologies, Cisco Systems, 3M and Goldman Sachs are also down more than 6% in the same time frame.
 On Monday, Beijing responded in kind, saying it would raise tariffs on $60 billion worth of U.S. imports on June 1. President Donald Trump said China's move represents "a very positive step" in trade negotiations. But he has not decided whether to slap tariffs on remaining Chinese imports.
Stocks are still hanging on every trade move. Intel in particular may be vulnerable to a deterioration in U.S.-China trade talks, with about 25% of its sales coming from China, CNBC's Tom Franck reports. China makes up about 18% of revenues for Apple and 5% for equipment giant Caterpillar. |
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