Wall Street fell more than 2 percent on Dec. 4, led by bank stocks as a flattening U.S. Treasury yield curve set off warning lights about slowing growth and on fading hopes of a speedy resolution to the U.S.-China trade spat.
The declines, which put the benchmark S&P 500 on course for its biggest one-day percentage drop in six weeks, more than erased Dec. 3 gains after Beijing and Washington agreed to a 90-day truce to iron out their trade differences.
