China fears, lower oil erase 2018 gains for S&P, Dow
Thursday, 6 December 2018 () U.S. stocks tumbled on Thursday, erasing this year's slim gains in the S&P 500 and the Dow Jones Industrial Average, as the arrest of a top Huawei executive sparked fears of a flare-up in Sino-U.S. tensions, while weak oil prices added more pressure.
According to Reuters, U.S. stocks fell on Friday as oil prices slipped to their lowest in more than a year, dragging down energy shares, while investors were nervous ahead of U.S.-China trade talks at..
Reuters reports that oil prices plunged 7 percent on Tuesday. This on persistent concerns of oversupply and weakening global demand. The fall caused Wall Street stocks to reverse early gains that were..