Wall St. slides as Huawei fallout slams tech stocks

News May 20, 2019 No Comments

Wall St. slides as Huawei fallout slams tech stocks

NEW YORK: U.S. stocks slid on Monday as the White House’s restrictions on Chinese telecom equipment company Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China.

The Dow Jones Industrial Average fell 84.24 points, or 0.33per cent, to 25,679.76, the S&P 500 lost 19.44 points, or 0.68per cent, to 2,840.09 and the Nasdaq Composite dropped 113.91 points, or 1.46per cent, to 7,702.38.

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(Reporting by April Joyner; Editing by Cynthia Osterman)

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