You are here: Home » Reuters » News
Business Standard

Wall Street sinks on worries over slowing growth, trade truce outcome

Reuters 

By Shreyashi Sanyal(Reuters) - Wall Street fell more than 2 percent on Tuesday, led by bank stocks as a flattening U.S. Treasury yield curve set off warning lights about slowing growth and on fading hopes of a speedy resolution to the U.S.-China trade spat.The declines, which put the benchmark S&P 500 on course for its biggest one-day percentage drop in six weeks, more than erased Monday's gains after Beijing and Washington agreed to a 90-day truce to iron out their trade differences.Yields on two-year and three-year bonds held above the five-year yield for a second day, while the benchmark ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, December 05 2018. 00:04 IST
RECOMMENDED FOR YOU