Stocks drop again with Dow's two-day slide now totaling more than 1,000 points [View all]
Source: CNBC
Stocks fell sharply on Thursday as continuing fears over U.S.-China trade relations and concern over a possible global economic slowdown kept investors on edge.
The Dow Jones Industrial Average dropped 451 points, bringing its two-day losses to more than 1,000 points. The S&P 500 fell 1.5 percent while the Nasdaq Composite plunged nearly 2 percent.
Trade fears ratcheted up after Huawei CFO Meng Wanzhou was arrested by Canadian authorities on Wednesday in Vancouver, where she faces extradition to the U.S. The arrest decreases the likelihood that a permanent U.S.-China trade deal will be reached. Huawei is one of the largest mobile phone makers in the world.
Wanzhou's arrest comes after President Donald Trump and Chinese President Xi Jinping agreed to hold off on implementing additional tariffs on each other's goods. The world's largest economies have been engaged in a trade spat that has sent ripples through global markets. The skirmish has investors worried that corporate earnings and economic growth could be negatively impacted.
Read more: https://www.cnbc.com/2018/12/05/market-sell-off-set-to-continue-as-dow-futures-get-hit.html
= new reply since forum marked as read
