Dow Drops 750 Points Amid Worries Over U.S.-China Tensions - NPR
Npr.org - Thu 6 Dec 17:15 GMT

Dow Drops 750 Points Amid Worries Over U.S.-China Tensions - NPR

U.S. stock markets plunged again Thursday after a Chinese technology executive was arrested in Canada, escalating U.S.-China tensions. The Dow's dive followed a fall of 799 points Tuesday.

  Updated at 11:29 a.m. ET U.S. stock markets plunged again Thursday after a Chinese technology executive was arrested in Canada, escalating U.S.-China tensions.

  U.S. markets were closed on Wednesday in honor of President George H.W. Bush's funeral.

  Huawei, which sells smartphones, has long been identified by the U.S. as a threat to national security.

  This week, the interest rate on some short-term U.S. Treasury securities rose above that of longer-term instruments.

  The Federal Reserve has been raising interest rates as the U.S. economy recovers from the Great Recession, and it's expected to hike them again later this month.