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Wall Street drops as trade jitters resurface

Reuters 

By Shreyashi Sanyal(Reuters) - Wall Street fell 1.5 percent on Friday with a drop in technology stocks sparking a turnaround from earlier in the day, as renewed concerns of the China-U.S. trade situation offset the effect of a jump in oil prices and a tepid U.S. jobs report.The trade standoff between Washington and Beijing has been a major overhang on equities for most of this year and this week has seen the markets sell off on diminishing hopes that their truce, brokered last weekend, would help resolve differences.These concerns were fanned on Friday by White House trade adviser Peter ...

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First Published: Fri, December 07 2018. 22:41 IST
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