Wall Street hits session lows on U.S.-China trade fears
The three main U.S. stock indexes extended losses to hit session lows on Thursday after White House adviser Larry Kudlow said there was a pretty sizable distance to go in the U.S.-China trade talks.
Kudlow’s comments, made in an interview to Fox Business Network, added to worries over a global slowdown which was rekindled after the European Union cut its economic growth forecasts.
At 10:57 a.m. ET the Dow Jones Industrial Average was down 224.97 points, or 0.89 percent, at 25,165.33, the S&P 500 was down 27.15 points, or 0.99 percent, at 2,704.46 and the Nasdaq Composite was down 80.49 points, or 1.09 percent, at 7,294.79.18.
Related posts:
Presco, MTN, StanbicIBTC, 15 other coys aid N12bn gain in Nigeria stock market deals
Wall Street advances on signs of economic rebound
Domestic investors dominate equity market in Q1’20
S&P 500, Dow open higher as Boeing resumes 737 MAX production
Nigerian stock index climbs again on gains by blue chips
Vaccine hopes rouse risk appetite to life as Nigeria inflation comes into focus
Rallies on MTN, WAPCO, 13 others drive equities value to N12.477trn
Analysts see mixed market performance this week, but advise caution
NSE lists FBNQuest Merchant Bank’s N5bn bond
Stocks retreated, N90bn blown, investors took profit
