Stocks- Wall Street Mixed as Trade War Drags On By Investing.com

Investing.com – Wall Street was mixed on Wednesday, as investors tried to shrug off trade war concerns.

The rose 3 points or 0.11% to 2,907.48 as of 9:51 AM ET (13:51 GMT), while the increased 124 points, or 0.48%, to 26,372.55 and the tech-heavy lost 8 points, or 0.11% to 7,947.56.

On Tuesday China said it would impose new tariffs on U.S. goods worth $60 billion, effective September 24. Officials also filed a complaint against the U.S. with the World Trade Organization, as expected.

The announcement was in response to U.S. tariffs imposed Monday of 10% on $200 billion in Chinese goods, which will go up to 25% at the end of the year. U.S. President Donald Trump previously stated that the U.S. would impose tariffs on another $267 billion of additional imports if China retaliates.

Meanwhile White House economic adviser Kevin Hassett said that the administration was ready to move forward on a North American trade deal without Canada. He added that the end of September as the hard deadline for Canada to join in a trade deal with Mexico and the U.S.

Tesla (NASDAQ:) rose 0.94% after news that the U.S. Department of Justice is investigating Chief Executive Elon Musk’s tweets in August that he had “funding secured” to take the company private. Medical marijuana company Tilray Inc (NASDAQ:) surged 25.32% while Netflix (NASDAQ:) gained 1.50% and Boeing (NYSE:) rose 1.03%.

Elsewhere Apple (NASDAQ:) fell 0.52% while Amazon.com (NASDAQ:) was down 0.88%.

In Europe stocks were up. Germany’s rose 33 points, or 0.28%,while in France the increased 24 points, or 0.45%, and in London the was up 45 points, or 0.62%. Meanwhile the pan-European gained 7 points, or 0.21%, while Spain’s surged 33 points, or 0.36%.

In commodities, rose 0.35% to $1,207.10 a troy ounce while futures jumped 0.47% to $69.92 a barrel. The , which measures the greenback against a basket of six major currencies, rallied 0.03% to 94.25.

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