(Taylor Telford, Heather Long & Thomas Heath – Washington Post)
After a reprieve for a national day of mourning, U.S. stock markets on Thursday extended an across-the-board rout triggered by signs that the prospect of a U.S.-China trade deal was in jeopardy.
Investor angst was fueled by the arrest of a Chinese executive that further threatened progress on trade, coupled with omens of a recession in the bond market and a steep drop in oil prices.
In morning trading, the Dow Jones industrial average fell more than 750 points, or 3.1 percent. The tech-heavy Nasdaq was down 2.4 percent, pushing deeper into correction territory. Correction is a drop of at least 10 percent from the high. The Standard & Poor’s 500-stock index was off 2.9 percent. Click here to read more.
- Stocks Plunge Again as Huawei Arrest Renews China Tensions (Associated Press)
- Top Huawei Executive Arrested on U.S. Request, Clouding China Trade Truce (Reuters)
- Dow Drops 570 Points, Bringing Its 2-Day Losses to More Than 1,300 Points (CNBC)
- Stocks Rout Deepens to Eight-Month Low on Trade, Rate Woes (Bloomberg)
- Jamie Dimon Says the Market is Getting Ripped Around Thanks to the Trade War (CNBC)
- Most Still Aren’t Saying the R-Word, But Pessimism Mounts as Data Backs Away From Peak (MarketWatch)