Fresh trade concerns stoked caution among investors and dragged the benchmark US indices lower - Dow down -93-points or 0.53% to snap a four session winning streak, with Apple Inc (down -2.66%) and Boeing Co (-1.07%) among the key laggards. The broader S&P500 -0.56%, breaking a five session winning streak as the Information Technology (down -1.39%) and Consumer Discretionary (-1.27%) sectors sharply underperformed. The technology-centric NASDAQ slumped -1.43% to log its worst session since 27 July. All five of the FAANG stocks declined (Facebook Inc down -1.1%, Apple -2.66%, Alphabet Inc -1.4% and Netflix Inc -3.9%). Amazon.com Inc fell -3.2% - its worst single session decline since 24 April - with CitiGroup penning a research note suggesting the on-line giant should be split in two to avoid antitrust scrutiny from the Trump administration. President Trump said he will make an announcement on China trade after US. financial markets close Monday.
