Shares of Facebook fell 4% Wednesday. Amazon dropped 5%. Even the mighty Apple (AAPL), which reports its earnings next week, was down about 3%.

Claim: President Trump says the US economy is the best it's ever been.

China has hit back at President Donald Trump by imposing new trade tariffs on $60bn of American goods.

China's commerce ministry has announced that it will start imposing 25% import duties targeting $16bn (£12.4bn) worth of US goods.

Growth is major boon for Trump administration, which pushed through $1.5tn in tax cuts, but economists warn it may unsustainable

Job creation in the US economy surged last month, but the annual rate of wage growth slowed.

Economists expected nonfarm jobs to rise by 190,000 for December, compared with 228,000 the month prior.

The US economy slowed dramatically in the first three months of the year, according to official data.

Federal Reserve chair Janet Yellen said a UK vote to leave the European Uni-on could have "significant economic repercussions".