Dow tumbles 600 points in volatile session

Markets 12/7/2018, 8:49 PM
Dow tumbles 600 points in volatile session

The Dow Jones Industrial Average plunged over 600 points on Friday during a volatile session on Wall Street. Trade tensions between Washington and Beijing pushed stocks lower as Huawei's Chief Financial Officer Meng Wanzhou was charged with conspiracy to defraud multiple banks, violating US sanctions on Iran. Additionally, the Department of Labor's jobs report revealed the US economy added 155,000 jobs last month, missing estimates.

The Dow Jones sank 2.39% at 8:55 pm CET, while the S&P 500 tumbled 2.38% and the Nasdaq 100 dropped 3.15% at the same time.

Breaking the News / JC

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