New York Stock Exchanges Start With Small Losses

0 12,864

New York Stock Exchanges Start With Small Losses. The stock exchanges in New York did not come far from their place on Thursday after the opening bell.

 

Political tensions between China and the United States are hovering over stock exchange trading as Donald Trump appears to be confronting his Chinese counterpart Xi Jinping in a series of tweets.

Investors also included new figures on unemployment benefits and the corona-time industry.

Shortly after the opening bell, the Dow-Jones index fell 0.2 percent to 24,530 points. The broad S&P 500 also declined 0.2 percent to 2,965 points, and Nasdaq technology exchange lost 0.1 percent to 9,370 points.

Trump wrote on Twitter about an alleged “attack of disinformation and propaganda on Europe and the United States” from China. He added “that everything is managed from the top,” suggesting that Xi has a direct hand in the campaigns. The comments put further pressure on Chinese-American relations.

Those relationships are also squabbled by a large majority of Senate Democrats and Republicans who have targeted US-listed Chinese companies. They can lose that listing if they are unable to demonstrate that they are not under the influence of a foreign government.

Chinese tech companies Alibaba and Baidu, both listed on the New York Stock Exchange, fell 2.5 and 0.3 percent respectively.

The companies also paid attention to department store chain Macy’s, which saw sales fall in the first quarter due to store closings. The share was put 0.3 percent lower. Another retail chain, Best Buy, reported declining sales and profits, losing 0.8 percent.

Leave A Reply