US: Wall St stocks tumble on trade war, weakening outlook

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

US: WallStreet stocks tumble on tradewar, weakening outlook

[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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nike aims sneaker subscriber scheme at US$10 billion US kids marketNike Inc will launch a new subscription service for kids sneakers this week that seeks to woo parents with an offer of fewer nightmarish trips to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »