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Usually based in Beijing, Liu made the U.S. trip for a week long residency program at the University of Minnesota’s Carlson School of Management, which runs a doctor of business administration program with China’s elite Tsinghua University cufflinks button uk online. The University of Minnesota said it had no comment on Friday’s announcement. The decision to not prosecute followed criticism of Minneapolis authorities, including Freeman’s office, for what some see as a failure to pursue sexual assault cases adequately..
NEW YORK (Reuters) – Wall Street stocks fell sharply in volatile trading on Friday, with the Nasdaq confirming it is in a bear market, as concerns of slowing economic growth led investors to flee stocks in high-valuation sectors such as technology and communication services. The major U.S. stocks indexes accelerated declines in the last hour of trading after White House trade adviser Peter Navarro said the United States and China might not reach a trade deal at the close of a 90-day negotiating window unless Beijing can agree to a profound overhaul of its economic policies cufflinks button uk online.
With Friday’s losses, the Nasdaq has fallen nearly 22 percent from its Aug. 29 high. The tech-heavy index dropped to its lowest level since August 2017 cufflinks button uk online. The benchmark S&P 500 index, already on pace for its biggest percentage decline in December since the Great Depression, hit its lowest level since July 2017. It is now down 17.5 percent from its closing high on Sept. 20. The Dow Industrials fell to its lowest level since October 2017 and has declined 16.3 percent from its Oct. 3 closing high..
The mid-cap S&P 400 also confirmed it is in a bear market. Navarro’s comments added to already-mounting concerns over political uncertainty and the possibility of a slowdown in economic growth. “That’s definitely a weight on the market,” said Shannon Saccocia, chief investment officer at Boston Private, of Navarro’s comments. “For investors, there’s a heck of a lot of small storms to be sailing ships through.” cufflinks button uk online. The increasing likelihood of a partial government shutdown injected further pessimism into U.S. stock markets. President Donald Trump said there was a very good chance a government funding bill, which includes funding for a wall along the Mexico border, would not pass the Senate..
The looming shutdown threat, along with Navarro’s comments, overshadowed remarks from New York Fed President John Williams that the Fed was open to reassessing its views, which provided a fleeting boost to the markets. Technology and communication services stocks bore the brunt of the sell-off, falling 3.0 percent and 3.1 percent, respectively cufflinks button uk online. The FAANG group of momentum stocks fared poorly. Facebook Inc shares tumbled 6.3 percent, Amazon.com Inc shares slid 5.7 percent and Netflix Inc shares sank 5.4 percent. Shares of both Apple Inc and Google parent Alphabet Inc dropped more than 3 percent..