U.S. shares retreat on threat of government shutdown
- 5 years ago
Shares on Wall Street plunged on Friday amid fears of a U.S. government shutdown as well as concerns over ongoing trade negotiations between the U.S. and China.
The Dow Jones Industrial Average fell over 1-point-8 percent to finish the day at 22-thousand-445-point-37.
The S&P500 fell 2-point-1 percent to close at 2-thousand-416-point-58,... while the tech-heavy Nasdaq Composite shed almost 3 percent to 6-thousand-332-point-99.
In fact, U.S. stocks have suffered one of the worst weekly falls in a decade.
The Dow Jones fell over 6-point-8 percent during the week,... the biggest weekly drop in percentage terms since 2008.
The S&P 500 shed 7 percent,... while the Nasdaq plunged over 8 percent.
This comes as a U.S. government shutdown appears increasingly inevitable, and as Trump's trade advisor said that it would be difficult for Washington and Beijing to reach a permanent economic agreement after a 90 day ceasefire in the trade tensions.
The Dow Jones Industrial Average fell over 1-point-8 percent to finish the day at 22-thousand-445-point-37.
The S&P500 fell 2-point-1 percent to close at 2-thousand-416-point-58,... while the tech-heavy Nasdaq Composite shed almost 3 percent to 6-thousand-332-point-99.
In fact, U.S. stocks have suffered one of the worst weekly falls in a decade.
The Dow Jones fell over 6-point-8 percent during the week,... the biggest weekly drop in percentage terms since 2008.
The S&P 500 shed 7 percent,... while the Nasdaq plunged over 8 percent.
This comes as a U.S. government shutdown appears increasingly inevitable, and as Trump's trade advisor said that it would be difficult for Washington and Beijing to reach a permanent economic agreement after a 90 day ceasefire in the trade tensions.