US stocks fell sharply again Thursday following a huge sell-off the previous day, losing 1,378 points in two day amid concerns by investors over trade tensions between the US and China as well as rising interest rates that may slow economic growth.
The benchmark US S&P 500 stock index marked its biggest one-day fall on Wednesday since February and added to those losses on Thursday. The Dow index also fell 831 points to close at 25,598.74, wiping out 3.2 percent of its value.
The two biggest US companies by market capitalization continued losing value, with Amazon shares ending 2.0 percent lower and Apple shares closing down 0.9 percent.
The recent rise in interest rates, while not sudden, is adding to investors anxiety about the markets, said Mike Matousek, head trader at US Global Investors.
“Quantitative easing was great — the Fed was buying US bonds. Now that they’re tapering off and not buying as much, but the government still has to…