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Wall St. slides on inflation fears, trade jitters

Reuters 

By Stephen Culp(Reuters) - A surge in U.S. government bond yields to their highest level in almost 7 years sent Wall Street shares sliding on Tuesday after strong retail sales data stoked inflation concerns and investors fretted about looming trade talks between the United States and China.All three major U.S. stock indexes were down nearly 1percent, on track to post their worst daily declines in three weeks.Investors remain preoccupied by the run-up to high-level talks between China and the United States set to commence this week in Washington. U.S. ambassador to China Terry Branstad said ...

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First Published: Wed, May 16 2018. 00:50 IST
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