Wall Street falls for third straight session

2019-02-08 18:02:51 GMT (Economies.com)
Wall Street falls for third straight session

US stock indices fell today for the third straight session on concerns over US-China trade tensions, in addition to losses to the tech sector. 

 

Tech companies suffered after news the White House is preparing for restrictions on using tech products from Chinese companies. 

 

Other reports indicated President Donald Trump won't meet his counterpart Xi Jinping before the truce deadline in March. 

 

The world's top two economies agreed on a 90-day truce last year to negotiate a trade agreement and avoid imposing new trade tariffs. 

 

Otherwise, Twitter's stock fell 3.3% to $29.7 after a 10% plunge yesterday following the announcement of a decline in user numbers in the last quarter of 2018. 

 

As of 15:05 GMT, Dow Jones shed 0.8%, or 200 points to 24,970, while Nasdaq slid 0.7%, or 48 points to 7,240. Standard and Poor's 500 shed 0.6%, or 16 points to 2,689. 

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0064
0.5676%
1.2998
-0.0082
0.6239%
15.005
0.020
0.134%
64.010
0.218
0.343%
71.97
0.35
0.49%
1275.700
-15.150
1.174%
 
 
US
 
Europe
 
Asia