Wall St. falls 4-week low as trade tensions stoke growth fears
- 5 years ago
Taking a look at how markets wrapped up around the world...
U.S. shares took a plunge on Wednesday with the S&P 500 and Nasdaq closing barely above a key support level as concerns that a lengthy U.S., China trade war would crimp global growth pushed investors into the safety of government bonds.
The S&P 500 closed at the lowest since March 11... ending under its 100-day moving average for the first time since February.
"Trade is absolutely front and center, because it's become very clear that a trade deal is not anywhere near, and just a couple of weeks ago, both sides were talking about it being very close to done."
At closing bell, the Dow shed more than 2-hundred-20 points, that's down point-9 percent, the S&P 500 lost point-7 percent, and the Nasdaq point-8 percent.
Here in Asia, stocks slid all across the board... with South Korea's 1-point-3 trillion U.S. dollar stock market joining in that loss.
The benchmark KOSPI fell 1-point-3 percent to close the day at its lowest since January 4th... contributing to the Korean market becoming the second in Asia to forfeit gains made in 2019 after the Indonesian market this past week.
As for oil, prices fell Wednesday as investors' risk appetite was hampered by worries that trade tensions could limit demand.... with the U.S.-China dispute appearing to move further from resolution.
Futures on West Texas Intermediate ended six-tenths of a percent lower and the Brent crude fell point-9 percent.
U.S. shares took a plunge on Wednesday with the S&P 500 and Nasdaq closing barely above a key support level as concerns that a lengthy U.S., China trade war would crimp global growth pushed investors into the safety of government bonds.
The S&P 500 closed at the lowest since March 11... ending under its 100-day moving average for the first time since February.
"Trade is absolutely front and center, because it's become very clear that a trade deal is not anywhere near, and just a couple of weeks ago, both sides were talking about it being very close to done."
At closing bell, the Dow shed more than 2-hundred-20 points, that's down point-9 percent, the S&P 500 lost point-7 percent, and the Nasdaq point-8 percent.
Here in Asia, stocks slid all across the board... with South Korea's 1-point-3 trillion U.S. dollar stock market joining in that loss.
The benchmark KOSPI fell 1-point-3 percent to close the day at its lowest since January 4th... contributing to the Korean market becoming the second in Asia to forfeit gains made in 2019 after the Indonesian market this past week.
As for oil, prices fell Wednesday as investors' risk appetite was hampered by worries that trade tensions could limit demand.... with the U.S.-China dispute appearing to move further from resolution.
Futures on West Texas Intermediate ended six-tenths of a percent lower and the Brent crude fell point-9 percent.