Stocks are plunging again as the arrest of a senior Chinese technology executive threatened to worsen trade tensions between Beijing and Washington. News broke Wednesday that Meng Wanzhou, the chief financial officer and deputy chair of the board for the Chinese tech giant Huawei, was arrested in Vancouver Saturday. The price of oil fell 3.8 per cent as OPEC leaders gathered to discuss production cuts, which traders suspect may not reverse a plunge in crude. The S&P 500 index lost 44.28 points, or 1.64 per cent, to 2,655.78. The yield on the 10-year Treasury fell to 2.84 per cent.

Source: CBC News December 06, 2018 18:33 UTC