US stocks open lower as focus shifts to Fed minutes

Economies.com
2019-05-22 14:43PM UTC

US stocks fell at early trading today as market concerns about the trade war between Washington and Beijing continued, ahead of the reveal of the Federal Reserve meeting minutes.

 

The US Commerce Department yesterday announced a 90-day exemption for Huawei, which allows the Chinese company to deal with companies in the United States.

 

Google approved this exemption, noting that it will cooperate with Huawei during that period and will make the operating system, Android,  available on the Chinese company tablets and smartphones.

 

The US Central Bank will announce today the minutes of last month's meeting and the Bank's members' discussions on monetary policy and economic developments on the domestic and global levels.

 

In terms of trading, Dow Jones fell by 0.3% (equivalent to 76 points) to 25801 points, Nasdaq fell by 0.3% (25 points) to 7,760 points, while Standard & Poor's shed 0.3% (7 points) to 2856 points.

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