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Wall Street swamped by fresh US-China trade worries; Dow falls 458 points

Stocks resumed their slide after a rare midweek U.S. trading holiday, while a drop in oil prices also hit the energy sector

Topics
Wall Street Slips  |  Economy  |  Dow Jones Industrial Average

Reuters 

US stocks fell on Thursday as the arrest of a top Chinese technology executive stirred fears of fresh tensions between the United States and China over trade, although Wall Street's main indexes reduced steep losses from earlier in the session. Stocks resumed their slide after a rare midweek US trading holiday, while a drop in oil prices also hit the energy sector <.SPNY>, which was the worst-performing major S&P 500 group. The chief financial officer of telecom equipment maker Huawei Technologies was arrested in Canada and faces extradition to the United ...

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First Published: Fri, December 07 2018. 02:38 IST
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