Wall Street plunges on heightening U.S.-China trade worries

Credit: Wochit News
Published on May 7, 2019 - Duration: 00:43s

Wall Street plunges on heightening U.S.-China trade worries

According to Reuters, Wall Street’s main indexes tumbled more than 1 percent on Tuesday, as renewed worries over trade negotiations with China stoked global growth worries and kept investors away from risky assets.

Trade tensions also pushed U.S. treasury yields lower as investors turned to low-risk government bonds, pressuring interest rate sensitive banking stocks, which fell 1.69%.

Boeing Co, the single largest U.S. exporter to China, slipped 2.7% and Caterpillar Inc declined 1.9%.

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Wall Street plunges on heightening U.S.-China trade worries

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