Wall Street stocks dipped early Thursday after fresh trade war rhetoric from president Donald Trump, while Boeing shares tumbled following a brutal Air India crash on a 787 jet.
Just hours after Trump reached a new detente with China on trade tensions, the president threatened to 鈥榮end letters out鈥� with an ultimatum to other trading partners.
Meanwhile, Boeing shares shed about five per cent after a London-bound 787 Dreamliner crashed in western India, likely killing all 242 people on board.
About 25 minutes into trading, the Dow Jones Industrial Average was down 0.4 per cent at 42,705.52.
The broad-based S&P 500 slipped 0.1 per cent to 6,018.24, while the tech-rich Nasdaq Composite Index also declined 0.1 per cent to 19,595.85.
Data showed that wholesale prices rose 0.1 per cent last month, a modest uptick as analysts continue to caution that Trump鈥檚 tariffs could lift inflation in the coming months.
Among other stocks, Oracle surged 12.1 per cent following an upbeat earnings report. The software giant scored eight per cent revenue growth in the last year but predicted the coming year would be 鈥榚ven better.鈥櫬�