Wall Street reverses losses after White House adviser's trade remarks
Updated : November 28, 2018 06:22 AM IST
All three of Wall Street's major indexes reversed losses following Kudlow's comments days ahead of the high-stakes dinner between Trump and Xi Jinping after the G20 summit in Buenos Aires.
General Motors Co shares dropped 2.5 percent after Trump warned subsidies could be cut after the automaker said it would shutter US plants and lay off thousands of workers.
US steel company stocks dropped as China's steel sector slid into bear territory, with the benchmark rebar contract down more than 20 percent from its 2018 peak. US Steel Corp slid 8.3 percent, while AK Steel Holdings fell 4.6 percent.
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