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Trade tensions slam Wall Street as global growth worries mount

Updated : May 24, 2019 06:35 AM IST

Further fuelling trade fears among investors, Beijing said that Washington needs to correct its “wrong actions” for trade talks to continue after the United States blacklisted Huawei Technology Co Ltd last week.
A 5 percent plunge in oil prices in response to a dampened outlook for demand impeded energy shares, while a drop in 10-year Treasury yields, which hit their lowest level since October 2017, held back financial shares.
The Dow Jones Industrial Average fell 286.14 points, or 1.11 percent, to 25,490.47, the S&P 500 lost 34.03 points, or 1.19 percent, to 2,822.24 and the Nasdaq Composite dropped 122.56 points, or 1.58 percent, to 7,628.28.
Trade tensions slam Wall Street as global growth worries mount
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