Wall Street recovers losses after global selloff

Wall Street recovers losses after global selloff

Global markets experienced a tumultuous trading day on Thursday following the arrest of a senior executive from China's Huawei telecommunications company in Canada and a weakening of concern over Washington's and Beijing's ability to permanently set the truce.

The US S & P 500 fell by as much as 2.9 percent, causing investors to look for safer assets, but plodded back to finish the day at 0.2 percent. The Dow Jones Industrial Average closed 0.3 percent after dropping 3.1 percent, while the Nasdaq gained 0.4 percent by the end of the day.

The turbulence led investors to seek the security of highly rated government bonds. The 10-year government bond yield dropped to a 4-month low of 2.82 percent, before it stood at 2.88 percent per day.