Wall Street hits session lows on U.S.-China trade fears
February 7, 2019163 views0 comments
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.
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