Dow Jones closes down greater than 330 factors on renewed commerce tensions

US shares fell on the finish of buying and selling on Wednesday, with renewed commerce tensions in opposition to the backdrop of stories that the White Home is contemplating imposing extra restrictions on the export of know-how merchandise to China.

On the finish of the session, the Dow Jones Industrial Common fell by 0.71%, or 334 factors, to 46,590 factors.

The broader S&P 500 index fell by 0.53%, or 35 factors, to six,699 factors, and the Nasdaq Composite index fell by 0.93%, or 213 factors, to 22,740 factors.

The know-how sector was additionally underneath strain as Netflix and semiconductor producer Texas Devices introduced monetary outcomes under expectations, which led to a decline of their shares by 10% and 5.60%, respectively.

On the Previous Continent, the Stoxx Europe 600 index fell by 0.20% to 572 factors at settlement, with damaging efficiency in most sectors and main inventory exchanges.

The German DAX index fell by 0.75% to 24,151 factors, the French CAC 40 fell by 0.65% to eight,206 factors, whereas the British FTSE 100 rose by 0.95% to 9,515 factors.

On the Japanese stage, the Nikkei 225 index stabilized at 49,307 factors, whereas its broader counterpart, the Topix, rose by 0.50%, reaching a document stage of three,266 factors.

Relating to oil, futures contracts for normal Brent crude for December supply elevated by about 2.10%, or the equal of $1.27, to $62.59 per barrel.

US Nymex crude futures for December supply additionally rose by 2.20%, or $1.26, to $58.50 per barrel.

As for gold, futures contracts for the valuable steel for December supply fell by 1%, or the equal of $43.7, to $4,065.40 per ounce, recording the bottom shut since October 12.

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