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S&P, Dow lose 2018 gains as global growth fears grip Wall Street

Reuters 

By Shreyashi Sanyal(Reuters) - The S&P 500 and the Dow Jones Industrial Average slipped back to losses for the year on Thursday, as U.S. stocks fell on mounting worries of slowing global growth after a fresh twist in China-U.S. tensions as well as lower oil prices and U.S. bond yields.The arrest of Chinese smartphone maker Huawei Technologies Co Ltd's chief financial officer at the request of the United States cast fresh doubts over the prospect of Beijing and Washington striking a deal on trade tariffs in their 90-day truce period."Markets are extremely sensitive to any news regarding ...

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First Published: Fri, December 07 2018. 00:26 IST
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