US stocks stabilizes amid pressure on tech and energy sectors

2019-06-12 15:45:13 GMT (Economies.com)
US stocks stabilizes amid pressure on tech and energy sectors

US stocks stabilized during today's trading amid pressure on the energy and technology sectors as well as renewed trade wars concerns.

 

US Commerce Secretary Wilbur Ross said that he is not optimistic about the United States and China reaching a trade agreement on the sidelines of the G20 summit.

 

This comes after US President Donald Trump threatened to impose more tariffs on Beijing's exports to the United States in the case of the Chinese President Xi Jinping absence from the G20 summit.

 

Markets hoped for a bilateral summit between Trump and Xi Jinping to discuss trade disputes between the two countries and the ways to resolve them for a final agreement reach.

 

Government data showed the US consumer price index rose 0.1% in May, its lowest monthly rate since January.

 

In terms of trade, by 14:47 GMT, Dow Jones settled at 26,048 points, while Standard & Poor's fell less than 0.1% to 2,883 points, and Nasdaq fell 0.2% (20 points) to 7,802 points.

 
 
 
  Symbol Last Change Chg.%
1.1100
0.0003
0.0225%
1.2140
-0.0014
0.1152%
17.131
0.027
0.156%
56.175
1.375
2.509%
60.76
0.74
1.23%
1504.035
-8.230
0.544%
 
 
US
 
Europe
 
Asia