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May 29, 2020

Wall Street's rally ends

By STAN CHOE, ALEX VEIGA and DAMIAN J. TROISE
AP Business Writers

Wall Street's rally ran out of fuel in the last hour of trading on Thursday, and the market fell to its first loss in four days amid worries about rising U.S.-China tensions.

The S&P 500 had been climbing for much of the day and was up as much as 1.1% at one point. But it all disappeared after President Donald Trump said he'll hold a news conference about China on Friday. That raised immediate worries among investors about possibly worsening relations between the world's largest economies, which had signed a deal earlier this year to at least pause their trade war.


 
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