Trade, global growth worries slam Wall Street

Dow futures drop on global trade, political concerns

Stocks open sharply lower on trade fears

The S&P 500 posted 28 new 52-week highs and 27 new lows; the Nasdaq Composite recorded 22 new highs and 189 new lows. The index was down 2.5% before the selling eased. The NASDAQ Composite dropped 122.56 points, or 1.6%, to 7,628.28 United Kingdom -based chip designer Arm Holdings said it suspended business with Huawei to comply with the US blacklisting of the telecom company.

Small company stocks fared better than the rest of the market.

The market's modest rebound came ahead of a three-day holiday weekend.

The market has been highly volatile since the US and China escalated their dispute over trade earlier this month.

Technology companies have borne the brunt of the market's monthlong downturn as they face the possibility of restricted sales to Chinese companies.

Real Madrid reject Pochettino claims over Tottenham’s training-ground stay
Pochettino said his team had defied expectations by reaching the final, which he expects to be an emotionally charged affair. Tottenham will be training at Real on 30 and 31 May and Liverpool will use the facilities on the morning of 1 June.


Chip stocks led the declines in the broader tech sector on reports the White House is considering banning as many as five Chinese companies, including video surveillance equipment Hikvision, as part of a move to curb Beijing's access to US intellectual property, Bloomberg reported, citing people familiar with the matter. JPMorgan shed 2.1% and Bank of America slid 2.5%.

The U.S. and China concluded their 11th round of trade talks earlier this month with no agreement. The yield on the 10 year Treasury rose to 2.32% after slipping to 2.29% late Thursday, its lowest level in more than a year. The index is now on track to post its worst monthly decline of the year.

U.S. Treasury yields dropped, and two yield curve indicators briefly inverted on Thursday, sending the banking index down 1.95 per cent.

"The U.S. ... crackdown on Chinese companies not only seriously damages the normal commercial cooperation between both countries, but it also forms a great threat to the security of the global industrial and supply chain", Feng added.

Investors fled to safer holdings. A series of analyst notes have questioned demand for the troubled electric automaker's cars.

China calls out United States 'wrong actions' as Huawei ban rattles supply chains
Mobile are also said to be delaying the launch of upcoming Huawei smartphones to protect their operations amid security concerns.


A couple of retail stocks had big moves in opposite directions Friday.

Hibbett Sports surged 20.9% after the sporting goods retailer blew past Wall Street's profit expectations and raised its forecast for the year.

The gains were held by losses in energy businesses and healthcare from check on Monday. At 12:11 p.m. ET, the S&P/TSX Composite Index was down 147.94 points, or 0.91 per cent.

ENERGY: Benchmark U.S. crude rose 66 cents to $58.57 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the worldwide standard, closed 1.4% lower at $68.69 per barrel.

In other commodities trading Thursday, wholesale gasoline slid 3.9% to $1.91 per gallon. Heating oil gained 0.5% to $1.97 per gallon. Micron dropped 2.6%., and Lam Research declined 0.9%.

Nouveau logo, nouveau maillot, Nantes se justifie — FCN
Comme nous l'a précisé le club, le nouveau logo du FC Nantes a été conçu par l'agence Leroy Tremblot . L'évolution du logo répond au besoin de développer l'influence et l'empreinte du FC Nantes .


The dollar fell to 109.49 Japanese yen from 110.29 yen on Wednesday.

Latest News