Dow’s losing streak reaches six

S&P has risen 3.3 percent and the Dow has taken a small loss.

Kate Warne, investment strategist for Edward Jones, said investors are concerned about what they’re seeing, but they still think the U.S. and China will work out their differences.

“There’s concern but there’s not overall great worry at this stage,” she said. “We are certainly taking the first steps toward a trade war, and the more titfor-tat actions are taken, the harder it is to pull back.”

In Europe, the CAC 40 of France fell 1.1 percent, and in London, the FTSE 100 slipped 0.4 percent. The losses were even heavier in Asia, where Tokyo’s Nikkei 225 retreated 1.8 percent and Seoul’s Kospi gaveup 1.5 percent.

Industrial and technology companies took some of the worst losses as investors worried that the dispute could grow more intense and drag down global economic growth. The dollar also got stronger, and the ICE-US Dollar Index hit its highest level since July. That makes U.S. goods more expensive in other markets.

Aerospace company Boeing dropped 3.8 percent to $341.12 and construction and mining equipment maker Caterpillar shed 3.6 percent to $143.30 while Apple fell 1.6 percent to $185.69. Companies that make cars, steel and aluminum and chemicals also took heavy losses. So did shares of Chinese companies listed in the U.S. E-commerce company Alibaba slid 2 percent to $204.43 and search engine Baidu declined 2.5 percent to $262.11.