Wednesday, 29 May 2019 23:26 WIB |
MARKET UPDATE |DOW JONESS & P 500NasdaqSahamASWallstreet
Wall Street's main indexes hit more than two-month lows on Wednesday, after China signaled further escalation in its trade war with the United States, fuelling fears that the dispute could be protracted and pressure global economic growth.
Beijing is ready to use rare earths, a group of 17 chemical elements used in everything from high-tech consumer electronics to military equipment, to strike back at the United States, Chinese newspapers warned.
Adding to worries, China™s Huawei Technologies Co Ltd filed a lawsuit against the U.S. government in its latest bid to fight sanctions from Washington.
At 11:03 a.m. ET The S&P 500 was down 17.97 points, or 0.64%, at 2,784.42 and the Nasdaq Composite was down 56.48 points, or 0.74%, at 7,550.87. Meanwhile, the blue-chip Dow Jones Industrial Average was down 196.79 points, or 0.78%, at 25,150.98, its lowest level since February.
All the major S&P sectors were in the red. The energy sector declined 0.88%, weighed down by weak crude prices.
Source : Reuters