Victims of the Trade War

The trade war between the U.S. and China means hard times for the markets, especially those companies that do a lot of business with China. The Dow Jones Industrial Average and the S&P 500 Index both fell by 2.4 percent yesterday, while the Nasdaq Composite Index dropped 3.4 percent.

Apple led the Dow decliners with a loss of 5.8 percent, after reporting a 22 percent decline in sales in China for the quarter ended March 30 from a year earlier. Other Dow stocks that lost at least 3.5 percent:

• Boeing, down 4.9 percent
• Caterpillar, down 4.6 percent
• DowDuPont, down 3.9 percent
• Cisco Systems, down 3.9 percent
• United Technologies, down 3.8 percent
• Goldman Sachs, down 3.5 percent