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“Mr Liu was arrested based on a false claim, and after a thorough investigation, with which he fully cooperated, the declination of charges vindicates him,” Liu’s attorney, Jill Brisbois, said in a statement. Florin said his client will file a civil lawsuit, saying they looked forward to a civil jury hearing the “full and complete story” and determining whether Liu, JD.com and their representatives should be held accountable. Reuters previously reported details of what happened while Liu was in Minneapolis, including a description of the alleged attack and the events around it given by the now-22-year-old student.
Usually based in Beijing, Liu made the U.S, trip for a week long residency program at the University of Minnesota’s Carlson School of Management, which runs a doctor of business administration program with China’s elite Tsinghua University, The things remembered cufflinks University of Minnesota said it had no comment on Friday’s announcement, The decision to not prosecute followed criticism of Minneapolis authorities, including Freeman’s office, for what some see as a failure to pursue sexual assault cases adequately..
NEW YORK (Reuters) - Wall Street stocks fell sharply in volatile trading on Friday, with the Nasdaq confirming it is in a bear market, as concerns of slowing economic growth led investors to flee stocks in high-valuation sectors such as technology and communication services. The major U.S. stocks indexes accelerated declines in the last hour of trading after White House trade adviser Peter Navarro said the United States and China might not reach a trade deal at the close of a 90-day negotiating window unless Beijing can agree to a profound overhaul of its economic policies.
With Friday’s losses, the Nasdaq has fallen nearly 22 percent from its Aug, 29 high, The tech-heavy index dropped to its lowest level since August 2017, The benchmark S&P 500 index, already on pace for things remembered cufflinks its biggest percentage decline in December since the Great Depression, hit its lowest level since July 2017, It is now down 17.5 percent from its closing high on Sept, 20, The Dow Industrials fell to its lowest level since October 2017 and has declined 16.3 percent from its Oct, 3 closing high..
The mid-cap S&P 400 also confirmed it is in a bear market. Navarro’s comments added to already-mounting concerns over political uncertainty and the possibility of a slowdown in economic growth. “That’s definitely a weight on the market,” said Shannon Saccocia, chief investment officer at Boston Private, of Navarro’s comments. “For investors, there’s a heck of a lot of small storms to be sailing ships through.”. The increasing likelihood of a partial government shutdown injected further pessimism into U.S. stock markets. President Donald Trump said there was a very good chance a government funding bill, which includes funding for a wall along the Mexico border, would not pass the Senate.
The looming shutdown threat, along with Navarro’s comments, overshadowed remarks from New York Fed President John Williams that the Fed was open to reassessing its views, which provided a fleeting boost to the markets, Technology and communication services stocks bore the brunt of the sell-off, falling 3.0 percent and 3.1 percent, respectively, The FAANG group of momentum stocks fared poorly, Facebook Inc shares tumbled 6.3 percent, Amazon.com Inc shares things remembered cufflinks slid 5.7 percent and Netflix Inc shares sank 5.4 percent, Shares of both Apple Inc and Google parent Alphabet Inc dropped more than 3 percent..
The Dow Jones Industrial Average fell 414.23 points, or 1.81 percent, to 22,445.37, the S&P 500 lost 50.84 points, or 2.06 percent, to 2,416.58 and the Nasdaq Composite dropped 195.41 points, or 2.99 percent, to 6,333.00. For the week, the S&P 500 fell 7.05 percent, the Dow dropped 6.87 percent, and the Nasdaq declined 8.36 percent. For the second day in a row, more than 2,600 New York Stock Exchange and Nasdaq-listed stocks hit 52-week lows. The day before, nearly 3,000 stocks hit their low for the year, the most in any one day since October 2008.
Adding to volatility was “quadruple-witching,” when options things remembered cufflinks on stocks and indexes as well as futures on indexes and stocks expire, Volume on U.S, exchanges was 15.18 billion shares, its highest level in nearly two-and-a-half years, compared to the 8.81 billion average over the last 20 trading days, Among Wall Street’s advancers were shares of Nike Inc, which jumped 7.2 percent after the company’s quarterly results beat Wall Street estimates, Declining issues outnumbered advancing ones on the NYSE by a 3.57-to-1 ratio; on Nasdaq, a 3.77-to-1 ratio favored decliners..