US markets fell sharply after China retaliated in the trade dispute by hiking tariffs on US$60B worth of US products to 25% from 10%, effective 1 June 1 - Dow tumbled -617-points or -2.38% to log its biggest single session decline since 3 January. Boeing Co fell -4.5% amid speculation the airplane maker could be singled out by China in the trade war. Separately, the Wall Street Journal reported that the 737 Max planes would not be expected to return to the skies before the end of the summer travel rush. The broader S&P500 fell -2.41%, with Utilities (up +1.11%) the only primary sector to advance. Information Technology (down -3.71%) led the downside. More than >90% of S&P500 constituents declined (the broadest fall since 7 May).
