US stocks fall more than 1% as energy sector drops

US stocks fell on today's trading amid pressure on the energy sector as a result of the sharp drop in oil prices as well as the continuing concerns about the trade war.

The United States and China exchanged heated comments today about Huawei, about the extent of the company's relationship with the Chinese government and the possibility of its technologies being used in espionage.

Government data released by the US Department of Labor revealed that the number of initial jobless claims fell by 1,000 to 211,000 last week.

In the oil market, West Texas fell by 5% to $58.3 a barrel by 1416 GMT, hitting a high of $61.4 and a low of $58.1.

Brent fell 4.3% to $ 67.9 a barrel. hitting a high of $70.9 and a low of $67.7.

Dow Jones fell 1.3% ( 331 points) to 25,445 points, Nasdaq fell 1.4% (107 points) to 7642 points, while Standard and Poor's fell by 1.4% 1.3% (33 points) to 2,822 points.