US stocks drop late in session on trade uncertainty

US stocks drop late in session on trade uncertainty

Wall Street shares extended losses in late trade on Friday after CNBC reported that the next round of U.S.-China negotiations was in flux, looking set to end a seesaw week the same way they started with selling on worries about the escalating trade war.

FILE PHOTO: Traders work on the floor at the NYSE in New York
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan McDermid/File Photo

REUTERS: Wall Street shares extended losses in late trade on Friday after CNBC reported that the next round of U.S.-China negotiations was in flux, looking set to end a seesaw week the same way they started with selling on worries about the escalating trade war.

The Dow Jones Industrial Average fell 84.85 points, or 0.33per cent, to 25,777.83, the S&P 500 lost 14.42 points, or 0.50per cent, to 2,861.9 and the Nasdaq Composite dropped 71.50 points, or 0.91per cent, to 7,826.55.

(Reporting by Alden Bentley; Editing by Nick Zieminski)

Source: Reuters

Bookmark