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U.S. shares retreat on threat of government shutdown

2018-12-22 0 Dailymotion

Shares on Wall Street plunged on Friday amid fears of a U.S. government shutdown as well as concerns over ongoing trade negotiations between the U.S. and China.<br />The Dow Jones Industrial Average fell over 1-point-8 percent to finish the day at 22-thousand-445-point-37.<br />The S&P500 fell 2-point-1 percent to close at 2-thousand-416-point-58,... while the tech-heavy Nasdaq Composite shed almost 3 percent to 6-thousand-332-point-99.<br />In fact, U.S. stocks have suffered one of the worst weekly falls in a decade.<br />The Dow Jones fell over 6-point-8 percent during the week,... the biggest weekly drop in percentage terms since 2008.<br />The S&P 500 shed 7 percent,... while the Nasdaq plunged over 8 percent.<br />This comes as a U.S. government shutdown appears increasingly inevitable, and as Trump's trade advisor said that it would be difficult for Washington and Beijing to reach a permanent economic agreement after a 90 day ceasefire in the trade tensions. <br />

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