An economic slowdown stemming from trade war concerns hits Wall Street shares. More here:
- Wall Street’s main indexes suffered their sharpest one-day declines in nearly six weeks on Wednesday after employment and manufacturing data suggested that the U.S.-China trade war is taking an increasing toll on the U.S. economy.
That added to fears sparked on Tuesday when a report showed U.S. factory activity contracted to its lowest level in more than a decade. The recent weak data has shaken investor faith in the strength of the domestic economy, which had shown relative resilience in the face of slowing global growth. Confidence in the U.S. economy has helped support Wall Street this year.
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