Trade, impeachment fears take the air out of the market
Stocks fell because a Bloomberg News report said the U.S. is not likely to renew waivers for U.S. companies to sell supplies to Chinese telecom giant Huawei. The report, which cites an official, raised concern that both countries could struggle to reach a trade deal when they meet in Washington next month.
Meanwhile, the release of a whistleblower complaint against Trump added to fears about the possibility of impeachment. In the complaint, the whistleblower said Trump
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