Wall Street opens the week mostly higher

US stock indices opened the first session of the week mixed, with the tech sector leading NASDAQ and S&P 500 higher, while Dow Jones lost ground, as the second-quarter earnings season picks up its winners and losers, while markets price in developing US-China trade tensions. 

Last week, China floated new tariffs on $60 billion worth of US products, with the date of implementation depending on US actions according to the Chinese trade ministry, which comes after China accused the US of "blackmail" amid tense trade negotiations between the two sides. 

US President Donald Trump tweeted last week that his strategy with tariffs is "working far better than anyone ever anticipated”, claiming it would make the US economy “much richer than it is today”, while causing massive losses to China's stock market. 

In the same thread, US trade Secretary Wilbur Ross said on Thursday that the tariffs threatened on Chinese products wouldn't be "cataclysmic", as a 25% tax on $200 billion worth of Chinese imports would amount to barely 1% of China's GDP.

Stock Performance 

As of 02:13 GMT, Standard and Poor's 500 climbed 0.07%, or 2.12 points to 2,842.47, while Dow Jones shed 0.19%, or 47.25 points to 25,415.33. 

Tech-heavy NASDAQ edged up 0.27%, or 21.01 points to 7,833.02.