Global stock markets and U.S. futures plunged today following Wall Street’s third straight week of declines, and a rise in U.S.-Chinese tensions over technology and security.
Since the Federal Reserve announced the U.S. economic outlook as unclear, market momentum has shifted. Progress in some sectors has declined as lawmakers struggle to agree on a new stimulus package as additional unemployment benefits backing consumer spending have expired.
So many decisions, so little time…
On Friday, the White House announced downloads of the Chinese-owned messaging app WeChat would be prohibited as a security risk.
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