US stocks open in red, on news of Trump-Jinping summit

2019-03-14 16:10:58 GMT (Economies.com)
US stocks open in red, on news of Trump-Jinping summit

US stocks fell on Tuesday, as the dollar pressures on export stocks in addition to the negative data output on the upcoming summit between US President Donald Trump and his Chinese counterpart Xi Jinping.

 

News agencies have revealed the postponement of the summit between Trump and Xi to next month, After hinting that it would be held this month, which means that there'll be continuous obstacles in the way of the trade negotiations between the two countries.

 

This comes despite the comments of the United States Trade Representative, Robert Lighthizer, this week that the negotiations with China are progressing and that there is consensus on key points such as protection of intellectual property rights.

 

On the other hand, as of 14:05 GMT, the dollar index rose against a number of major currencies by 0.3% to 96.7 points, recording a high of 96.8 points and a low of 96.4 points.

 

Also, Economical data showed that the number of initial jobless claims in the United States rose by 6,000 to 229,000 last week.

 

As of 14:15 GMT, "Dow Jones" fell 0.2% (54 points) to 25,648 points. "Nasdaq" fell 0.1% (11 points) to 7,632 points, while "Standard & Poor's" fell 0.2% (5 points) to 2,806 points.

 
 
 
  Symbol Last Change Chg.%
1.1163
0.0000
0.0027%
1.2708
-0.0029
0.2261%
14.455
0.037
0.260%
62.977
0.296
0.473%
72.18
0.21
0.29%
1274.665
-3.100
0.243%
 
 
US
 
Europe
 
Asia