Stocks Sink to 8-Month Low Over Fears of Escalating Trade War

Dec 06, 2018 - Time Magazine

(Bloomberg)—The sell-off in global stocks deepened, leaving U.S. shares mired in the steepest two-day slide since February and European equities at a two-year low as concern mounted that the rate of global economic growth has peaked. Oil slid as OPEC ministers met in Vienna.

The S&P 500 has tumbled more than 5 percent in two sessions, while the Dow Jones Industrial Average shed almost 1,500 points on bets that the trade truce between China and the U.S. won’t last after the arrest of Hu...