Monday 17 December 2018
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wn.com - 1 month ago

Wall Street skids as tech, Internet companies drop

US stocks on Friday fell as a combination of weak economic data from China and disappointing earnings hurt technology and Internet companies, while crude oil prices fell for the 10th day in a row. Auto sales in China last month fell for the fourth month in a row and were down 13 percent from a year earlier, the latest sign its economy is under pressure. Concerns about China’s economy and its trade dispute with the US contributed to the global stock market skid last moth. The stocks that fared the worst during that time included tech and...

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