Wall Street tumbles 1% by the end

US stock indices closed the fourth session of the week sharply lower, with energy, industrial, and consumer stocks leading the decline as oil prices tumbled, while worries escalate over the US-China trade row.

Mixed US Data 

Earlier US data showed unemployment claims fell 3 thousand to 218 thousand from 221 thousand, beating forecasts of 220K, while continuing claims for the week ending June 9 rose 22K to 1.723 million from 1.701 million, above expectations of 1.710 million.

The Philly Manufacturing Index slipped to 19.9 from 34.4 in May, missing forecasts of 29.0, while the CB leading index rose 0.2% in May, slowing down from 0.4% in April. 

Indices, Commodities  

Dow Jones fell 0.80%, or 196.10 points to 24,461.70, while Standard and Poor's 500 shed 0.63%, or 17.56 points to 2,749.76. NASDAQ Composite slid 0.88%, or 68.56 points to 7,712.95. 

Gold futures due on August 15 shed 0.39% to $1,269.50 an ounce from the opening of $1,274.50, while the dollar index slipped 0.32% to 94.81 from the opening of 95.12. 

US crude futures due on July 15 rose 0.08% to $65.76 a barrel from the opening of $65.71, while Brent futures due on August 15 slumped 2.21% to $73.09 a barrel from the opening of $74.74, as markets look forward to OPEC's meeting in Vienna with other major producers such as Russia.