Stocks roll over after Trump reportedly OK's additional tariffs on $200 billion worth of Chinese imports

Stocks surrendered their gains Friday after Bloomberg reported President Donald Trump instructed his administration to follow through with tariffs on roughly $200 billion worth of Chinese imports, despite a fresh round of trade negotiations between the world's largest economies having been proposed days earlier.

Here's the scoreboard:

Dow Jones industrial average:

S&P 500:

Shares of large-cap industrial stocks like Caterpillar (-0.6%) fell following the report. Boeing (+0.4%) pared gains after trading up more than 1%. Treasury yields jumped. Offshore, the Chinese yuan sank 0.36% against the dollar.