US: Wall Street slides as trade anxiety resumes

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[NEW YORK] US stocks fell back into the red on Wednesday, putting equities down for three of the last four sessions as investors reacted to reports of possible new US-China trade frictions. Read more at The Business Times.

[NEW YORK] US stocks fell back into the red on Wednesday, putting equities down for three of the last four sessions as investors reacted to reports of possible new US-China trade frictions.

The benchmark Dow Jones Industrial Average fell 0.4 per cent to close at 25,776.61, leaving it essentially flat for the week. Stocks pared some losses after minutes from the Federal Reserve showed policymakers believed the central bank should leave interest rates untouched for the near-term even though risks to the economy had receded.

Shares in retail chain Target jumped 7.8 per cent after the company posted better-than-expected earnings.

 

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