Global stocks fell on fears of recession

WASHINGTON (Reuters) – US stocks fell on Friday, as the financial sector slowed as investors avoided risky holdings, fearing that a prolonged trade war between the United States and China could force the company to sell its shares. global economy to recession.

The Dow Jones Industrial Average <.DJI> fell by 117.53 points, or 0.45%, to 26,169.91.

The Standard & Poor's Index 500 <.SPX> lost 11.58 points, or 0.40%, to 2,907.07. The Nasdaq composite index <.IXIC> was down 51.65 points, or 0.65%, to 7,907.49.

Europe Equity

European stocks fell yesterday, under the impulse of the banks, as the continuation of the US-China trade war could tip the global economy into recession, prompting investors to buy safer badets.

Adding to pessimism around the world, protests in Hong Kong and the collapse of the Argentine peso have worsened.

The European benchmark Stoxx 600 fell 0.3% from its initial gains, extending its 1.7% loss last week, as worries about rising trade tensions and the political turmoil in Italy had begun to decline.

Bank stocks were the main causes of the decline, as the sector index fell 1.8% to its lowest level in more than three years.

Among the main European indices, the Spanish stock index was the main loser with a fall of 0.9%.