US stocks end the week down as trade concerns linger
US stocks fell on Friday, bringing the three-day gains to a halt as the stand off with China over trade talks continued.
The S&P 500 ended the session with a 0.6 per cent loss, despite climbing earlier in the day, following a report that a date for the next round of talks between Washington and Beijing was "in flux".
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The Dow Jones was also down 0.4 per cent, while the Nasdaq, which is home to a number of tech firms, saw a steep 1 per cent fall as shares in Tesla plummeted.
The electric car producer saw its shares fall 7.6 per cent, a two-and-a-half-year low following the US transportation regulator's assessment that Tesla's Autopilot software was operational during the time of a fatal crash in Florida.
New tariffs implemented between the US and China has left investors concerned that a trade deal is at risk.
Stocks had brushed off those worries for most of the week, aided by Donald Trump's assurances to delay tariffs on car and lorry imports, but all three major indexes ended the week down.
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The S&P 500 ended Friday 0.8 per cent down for the week, while the Dow fell for a fourth consecutive week, losing 0.7 per cent.
The Nasdaq was also down 1.3 per cent, marking the first successive weekly drops for the S&P and Nasdaq since the end of 2018.