FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 28, 2019. REUTERS/Brendan McDermid/File Photo
(Reuters) – The three main U.S. stock indexes extended losses to hit session lows on Thursday after White House adviser Larry Kudlow said there was a pretty sizable distance to go in the U.S.-China trade talks.
Kudlow’s comments, made in an interview to Fox Business Network, added to worries over a global slowdown which was rekindled after the European Union cut its economic growth forecasts.
At 10:57 a.m. ET the Dow Jones Industrial Average was down 224.97 points, or 0.89 percent, at 25,165.33, the S&P 500 was down 27.15 points, or 0.99 percent, at 2,704.46 and the Nasdaq Composite was down 80.49 points, or 1.09 percent, at 7,294.79.18.
Reporting by Medha Singh in Bengaluru; Editing by Shounak Dasgupta