US stocks skid on worries of prolonged trade standoff - sink on wall

by:KEDIBO     2019-09-02
US stocks skid on worries of prolonged trade standoff  -  sink on wall
Heightened concerns about the United StatesS.
On Thursday, China was stuck in a long-running deadlock in a costly trade dispute and investors were not feeling well.
Wall Street stocks fell sharply in a wide sell-off
That caused the S & P 500 to fall for the third consecutive week until late afternoon, when the Dow Jones industrial average fell more than 400 points.
Traders are looking for security in the bond market, pushing bond prices up, leading to 10-
Financial year to 2.
31%, the lowest level in more than a year.
Since the escalation of trade disputes between Washington and Beijing earlier this month, the stock market has been highly volatile.
Now, the two sides have suspended negotiations and seem to be in a long stalemate.
Investors are worried that a long-term trade war will hinder economic growth and hurt corporate profits.
"The market is appreciating how far the distance between the two sides is and how confusing it will be for both sides to convince us that the fair is coming soon," Samer Samana said . ", Senior global market strategist at Wells Fargo Investment Institute.
The S & P 500 index fell 34. 03 points, or 1. 2%, to 2,822. 24.
The index fell 2.
Before the sell-off eased 5%.
The Dow Jones index fell 286. 14 points, or 1 point. 1%, to 25,490. 47.
The Dow dropped to its lowest point, down 448 points.
The Nasdaq composite index fell 122. 56 points, or 1. 6%, to 7,628. 28.
The Russell 200 index for small company shares fell by 30.
2% points, or 1,501 points. 38.
The Asian and European markets also suffered significant losses. The U. S.
Earlier this month, China closed 11 rounds of trade talks without a deal. Instead, the U. S.
China's actions to raise tariffs on Chinese goods prompted China to respond.
The trade dispute escalated further after the United States. S.
Although China has temporarily abandoned restrictions on technology sales in China.
China is looking for ways to retaliate and seek support from Russia and its Asian neighbors. Both the U. S.
China has put forward suggestions on continuing trade negotiations, but none of them are scheduled.
This uncertainty makes many traders nervous about how and when to resolve trade disputes.
"Now people realize how important this issue is, how many different aspects are so tricky, where it is difficult for the Chinese side to give in and the US to give inS.
"Don't ask for these changes," Samana said . ".
The resumption of trade hostilities this month interrupted a market rebound, with the S & P 500 index wiping out a sharp fall in the fourth quarter and hitting a new high.
The index fell by 4.
So far, at a possible 2%, although it still has 12 growth. 6% throughout the year. Trade-
Sensitive technology stocks took the lead on Thursday.
Many tech companies have significant business in China, and the restrictions proposed by the Trump administration on technology sales for Chinese companies have severely hit their stocks. Apple fell 1.
7%, while chip makers such as Advanced Micro-devices, Broadcom and Nvidia dropped at least 3%.
The S & P index, which tracks the performance of the chip industry, fell by about 15.
Trade tensions have increased, reaching 2% euros so far this month.
Banks also suffered huge losses in the sell-off.
As bond yields fell sharply,
A lower rate of return means a lower rate of interest on the loan, which reduces the profit on the loan.
JPMorgan Chase shares fell 2%, while Bank of America shares fell 2. 6%.
Shares of Exxon oil fell 2.
3% and Chevron gave up 2.
2%, part of a sharp fall in US energy sector stock pricesS. fell sharply. Benchmark U. S.
Crude oil prices plunged.
Settled at $57 7%91 a barrel. It’s down 7. 8% a week.
International standard Brent crude oil closed 4. Fell 5% to $67. 76 per barrel.
Investors pushed up share prices for utilities and real estate companies.
These industries are considered less risky, making them more attractive when traders are concerned about volatility and slowing economic growth.
Eversource Energy and SBA Communications, which have wireless communication towers, each receive 1. 5%.
Thursday is not the time for Wall Street to sell things.
Traders bid for shares of brand L 12.
After Victoria Secret and owners of the Bath & Body Works chain blew away Wall Street's first-quarter earnings forecasts, the index rose 8%.
Avon shares rose 3.
2% prior to this, Brazilian cosmetics maker Natura announced the purchase of the beauty products company for $3.
Inventory 7 billion.
The deal will create the fourth largest in the world.
The largest group of beauty products.
Natura currently has retail stores like Body Shop.
Wholesale gasoline fell in other commodities trading on Thursday. 9% to $1. 91 per gallon.
Loss of heating oil 4. 2% to $1. 96 per gallon.
Natural gas rose 1. 4% to $2.
58 cubic feet per 1,000. Gold climbed 0. 9% to $1,285.
Silver jumped 1 at 40 an ounce. 1% to $14.
61 per ounce, copper added 0. 1% to $2. 68 per pound.
The dollar fell to 109.
49 yen from 110 yen.
29 yen on Wednesday.
The euro strengthened against the dollar. 1183 from $1. 1160.
Associated Press copyright 2019.
All rights reserved.
This material may not be published, broadcast, rewritten or re-distributed.
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