Stocks traded lower on Thursday as investors grappled with a whistleblower complaint against President Trump and growing uncertainty in the US-China trade war. Acting director of national intelligence Joseph Maguire testified in front of Congress on Thursday morning regarding the complaint. Major indexes extended losses after Bloomberg reported that the US is unlikely to extend a temporary waiver that allow US companies to do business with Chinese telecommunications giant Huawei.
Stocks traded lower on Thursday as investors grappled with a whistleblower complaint against President Trump and growing uncertainty in the US-China trade war. Acting director of national intelligence Joseph Maguire testified in front of Congress on Thursday morning regarding the complaint. Major indexes extended losses after Bloomberg reported that the US is unlikely to extend a temporary waiver that allow US companies to do business with Chinese telecommunications giant Huawei.
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