U.S. stock indexes closed sharply lower as the investors loose hope for early trade negotiations between Washington and Beijing.
Furthermore, weak data from the European Union underscored concerns that slowing growth in China has impacted Europe, fueling concerns about a slowing global economy.
German industrial production unexpectedly fell by 0.4% in December from the month before, reinforcing concerns over the health of the eurozone’s largest economy.
The Dow Jones Industrial Average DJIA down around 220.77 points or -0,87%, to 25,169.53.
The S&P 500 index SPX, -25.59 points, or -0.94%, to 2,706.02, and the Nasdaq Composite COMP, -92.64 points, shed -1.32%, to closed at 6,904.98.