US stocks close lower as trade dispute escalates

2019-05-20 22:16:42 GMT (Economies.com)
US stocks close lower as trade dispute escalates

US stocks fell on today's trading amid a deepening trade dispute with China, as pressure rose on technology companies after Google's decision to comply with President Donald Trump's call for cutting select business ties with Huawei.

 

Google said it had decided to stop dealing with Huawei and that it would not provide Android, the famous operating system, for the Chinese company's mobile phones and tablets.

 

This comes after the escalation of the war of trade and the mutual increase in tariffs by both Washington and Beijing on the imports of the two countries.

 

In the oil market, West Texas rose 0.5% to $63.10 a barrel, with a high of $63.8 and a low of $62.4.

 

Brent fell 0.3% to $71.97 a barrel, with the highest price of $73.4 and the lowest at $71.6.

 

At the close of trading, Dow Jones shed 0.3% (equivalent to 84 points) to 25,680 points, with the highest level at 25,751 points and the lowest level at 25,560 points.

 

Nasdaq slipped 1.5% (114 points) to 7702 points, and hit a high of 7,747 points, and a low of 7678 points.

 

Standard & Poor's fell by 0.6% (19 points) to 2,840 points, with the highest level at 2853 points and the lowest level at 2831 points.

 
 
 
  Symbol Last Change Chg.%
1.1045
-0.0029
0.2664%
1.2525
0.0042
0.3369%
17.799
0.347
1.991%
58.822
3.929
7.157%
64.40
0.80
1.26%
1499.405
10.425
0.700%
 
 
US
 
Europe
 
Asia