Commercial fears hit Wall Street

The Dow fell 79 points, or 0.29%, to 26,891.12. The S & P 500 lost 0.24% to close at 2,977.62. The Nasdaq Composite fell 0.6% to 8,030.66. Thursday's meanders came as investors were concerned about US-China trade relations and growing pressure from Democrats to oust President Donald Trump. The S & P 500 is on the pace of its second consecutive weekly decline, down 0.4% this week.

The shares fell because a Bloomberg News report said the US was unlikely to renew the waivers allowing US companies to sell supplies to Chinese telecom giant Huawei. The report, quoting an official, said the two countries may have trouble reaching a trade deal at their meeting in Washington next month.

At the same time, the complaint against Trump launched by a whistleblower added to the fears of a possible indictment. In the complaint, the whistleblower stated that Trump had used his office to solicit the intervention of a foreign country before the 2020 elections. Speaker of the House of Representatives, Nancy Pelosi, called the situation of "concealment". This comes a day after the government issued a note of an appeal between Trump and Ukrainian President Volodymyr Zelensky.

Shares of Facebook, Amazon, Netflix and Alphabet, a parent of Google, have helped bring down the market. Facebook and Amazon slid more than 1%, while Netflix lost 0.5% and Alphabet dropped 0.29%.