[NEW YORK] Wall Street stocks finished a bruising session sharply lower Monday as worries about slowing growth and the protracted US-China trade war hit banking shares and the broader market.
"China is still in the epicenter of the turmoil, with the lingering trade tensions and the escalating protests in Hong Kong both weighing on risk assets globally," Gorilla Trades strategist Ken Berman said in a commentary.sentifi.comThe broad-based S&P 500 slid 1.2 per cent to finish at 2,882.69, while the tech-rich Nasdaq Composite Index also shed 1.2 per cent to end at 7,863.41.Analysts said the latest escalations between Washington and Beijing on trade marred sentiment.
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