BUSINESS Dow tumbles 3% as Wall Street shares fall further

BUSINESS

Dow tumbles 3% as Wall Street shares fall further

AFP

00:50, December 07, 2018

Losses on Wall Street deepened in late-morning trade on Thursday as the arrest of a key Chinese executive at the urging of the United States exacerbated trade war fears.

Near 1630 GMT, the Dow Jones Industrial Average was down 3.1 percent at 24,254.92.

The broad-based S&P slid 2.9 percent to 2,623.21, while the tech-heavy Nasdaq Composite Index shed 2.4 percent to 6,998.19.

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(File photo: AFP)

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