Stocks Get Whacked After Tencent's Rare Profit Decline Raises Growth Concerns

Thomson Reuters Stocks fell Wednesday after the Chinese technology giant Tencent reported a rare profit decline. Technology and energy companies took the biggest hits following the disappointing earnings report, which stoked fears of slowing growth. The dollar rose, and Treasury yields fell. Here's the scoreboard:See the rest of the story at Business InsiderNOW WATCH: How LeBron James makes and spends his millionsSee Also:GOLDMAN SACHS WARNS: The worst-case scenario for a global trade war could wipe out the stock market's most important driverThe stock market is stretched to double tech-bubble extremes, according to one measure — here's why investors should be very scared of the implicationsThere’s a $1 trillion question hanging over stocks right now — and the answer could determine the ultimate fate of the marketSEE ALSO: IT'S OFFICIAL: Goldman Sachs is advising Elon Musk on his plans to take Tesla private (TSLA)

 

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