Renewable Energy

Wall Street slides as Huawei fallout slams tech stocks

Credit: REUTERS/BRENDAN MCDERMID

U.S. stocks slid on Monday as the White House's restrictions on Chinese telecom equipment company Huawei Technologies weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China.

NEW YORK, May 20 (Reuters) - U.S. stocks slid on Monday as the White House's restrictions on Chinese telecom equipment company Huawei Technologies Co Ltd HWT.UL weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China.

The Dow Jones Industrial Average .DJI fell 84.24 points, or 0.33%, to 25,679.76, the S&P 500 .SPX lost 19.44 points, or 0.68%, to 2,840.09 and the Nasdaq Composite .IXIC dropped 113.91 points, or 1.46%, to 7,702.38.

(Reporting by April Joyner; Editing by Cynthia Osterman)

((lewis.krauskopf@thomsonreuters.com; 646-223-6082; Reuters Messaging: lewis.krauskopf.thomsonreuters.com@reuters.net, Twitter: @LKrauskopf))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More