U.S. stocks ended lower on Thursday as investors faced worries around an escalating U.S.-China spat.
The S&P 500 fell 0.2% to 3,030. The Dow Jones Industrial Average shed 148 points, or 0.6%, to 25,401, based on preliminary numbers. The Nasdaq Composite retreated 0.5% to 9,369. Equities turned south late in the session after President Donald Trump said he would hold a press conference on China on Friday.
This comes as Washington and Beijing spar over a new national-security law on Hong Kong, raising concerns that its status as an Asian financial hub would come under threat. In company news, shares of Twitter Inc. fell on Thursday after President Donald Trump said he would sign an executive order aimed at limiting legal protections for social media platforms.
Source : Marketwatch