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US stocks open lower as focus shifts to the trade talks

Economies.com
2019-10-07 14:58PM UTC

US stocks opened today's sessions lower, after the market absorbed the strong jobs data, while focus shifted to the to upcoming US-China trade talks round.

 

The US Bureau of Labor Statistics revealed last week that the US economy has created 136,000 new jobs in September, and the unemployment rate declined to the lowest level since 1969.

 

The next trade talks round will start in Washington,  on the 10th and 11th of October.

 

While the Chinese Vice Premier Liu He said that the US has not request a change of the Chinese economic fundamentals, like government industrial policy in the trade talks.

 

As of 14:56 GMT, Dow Jones fell by 0.1% or 42 points to 26,531 points, S&P 500 fell by 0.1% or 3 points to 2,941, while Nasdaq stabilized at 7,988.

 

US stocks fell sharply in the early minutes of today's session as Dow Jones lost 150 points, amid mounting odds for President Trump's impeachment.

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