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Wall Street drops on rising trade tensions

Updated : June 15, 2018 11:10 PM IST

Eight of the 11 major S&P sectors were lower, led by a 1.7 percent loss in the energy index.
Brent crude dropped more than $2 a barrel ahead of an OPEC meeting in Vienna next week as two of the world's biggest producers, Saudi Arabia and Russia, indicated they were prepared to increase output.
US stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, prompting Beijing to warn of retaliation and reigniting fears of a trade war between the world's two largest economies.
Wall Street drops on rising trade tensions

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