The major stock indexes showed heavy losses for a second straight day in today’s stock market action. The Dow Jones industrial average followed up on Tuesday’s 800-point drop, moving another 450 points lower. News of the Dec. 1 arrest of the CFO of Chinese telecom giant Huawei Technologies shook investors’ confidence in the U.S.-China trade talks. After the stock market close, Lululemon (LULU) and Ulta Beauty (ULTA) will report earnings. Meanwhile, blue-chip Apple (AAPL) stock sold off for a second straight day. (For updates on this story and other market coverage, visit the Stock Market Today.)
The Dow Jones industrials and the S&P 500 index declined 2% and 1.9%, respectively. The tech-heavy Nasdaq composite dropped 1.8%.
Update….
5:00 Pm EST the market has come back to close -79.30
Market tanking again this Friday….
Down almost 600 points @ 2:00PM EST….