Tech Leads Stock Slump; Oil Falls to 4-Month Low: Markets Wrap

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Tech Leads Stock Slump; Oil Falls to 4-Month Low: Markets WrapChipmakers were among the worst performers as the S&P 500 Index slipped, with defensive sectors like utilities faring the best. Crude dropped to the lowest since January on concern the trade dispute between the U.S. and China could trip up the global economy. Just as investor concern over protectionism and global growth seemed to be easing, a fresh wave of uncertainty followed President Donald Trump’s announcement that he is personally delaying a trade deal with China and won’t complete the accord unless Beijing returns to terms negotiated earlier this year.


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