US stocks open lower on renewed US-China trade tensions

2020-08-07 14:31:13 GMT (Economies.com)
US stocks open lower on renewed US-China trade tensions

The major US stock benchmarks fell on Friday, amid concerns over a renewed trade tensions between the US and China, despite a strong jobs report.

 

US President Donald Trump issued executive orders on Thursday banning US transactions with Chinese applications WeChat and TikTok for 45 days.

 

The US Labor Department released its reading for the non-farm employment change index, as the economy has added around 1.8 million jobs in July, higher than forecasts of 1.530 million, and the unemployment rate fell to 10.2% from 11.1%.

 

The coronavirus continues to cast a shadow over the US and other countries, as the US continues to suffer from the largest numbers of infections by the deadly disease.

 

As for stocks, Dow Jones fell 0.3% or 75 points to 27,309, Nasdaq fell 0.1% or 15 points to 11,093, and S&P 500 dipped 0.1% or 5 points to 3,344.

 
 
 
  Symbol Last Change Chg.%
1.1744
0.0073
0.6238%
1.2893
0.0025
0.1943%
Tadawul
8295.05
-23.00
0.28%
23.827
0.471
2.017%
38.571
-1.719
4.267%
40.89
-1.41
3.33%
1906.045
33.350
1.781%
 
 
US
 
Europe
 
Asia