NEW YORK – December 5, 2018
At the G20 summit in Buenos Aires, the President Trump and Chinese President XI Jinping agreed to suspend the trade war for ninety days. However, the positive mood in the market did not last long. It took only 2 days for the US stock indices to fall by more than 3%.
In particular, the high-tech Nasdaq lost 3.8%, the Dow Jones just over 3%, and the S&P 500 broad market index collapsed by 3.25%.
The vast majority of shares were in the red zone, and the leaders of the decline were high-tech giants. Amazon collapsed by almost 6%, Apple by 4.5...