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NewsBreak: Wall Street Trades at Lows on Talk of China Investment Limits

Investing.com

Investing.com - Stocks were slumping to near-session lows in late trading as investors tried to understand the Trump Administration's thinking on limiting investment dollars from flowing to China.

Ideas being considered even include delisting Chinese stocks from U.S. markets, according to Bloomberg News.

The S&P 500 was down 1% by 3:05 PM ET (19:05 GMT). The Nasdaq Composite was off about 1.6%. The Dow Jones Industrial Average had fallen 0.6%, or 152 points, after falling as many as 175 points. The blue chips had been up as many as 121 points early in the day.

The slump was hitting technology stocks like Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) hardest, as well as electronic payment processor Visa (NYSE:V).

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