Wall Street edged lower on Wednesday, as hopes of a trade deal receded following an escalation in tensions between Washington and Beijing that also overshadowed upbeat forecasts from retailers Target and Lowe™s.
China condemned a U.S. Senate measure aimed at protecting human rights in Hong Kong amid prolonged protests, further souring the mood after President Donald Trump warned he would raise tariffs if no deal was reached.
At 10:15 a.m. ET, the Dow Jones Industrial Average was down 81.33 points, or 0.29%, at 27,852.69, the S&P 500 was down 5.91 points, or 0.19%, at 3,114.27 and the Nasdaq Composite was down 9.38 points, or 0.11%, at 8,561.28.
Source : Reuters
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Hong Kong, Shanghai Shares End With With Deep Losses (Review)
Saturday, 29 February 2020 04:19 WIB
Hong Kong and Shanghai stocks took another battering on Friday, in line with a global sell-off that has wiped trillions off market valuations as investors fret over the economic impact of the coronavirus.
The Hang Seng Index fell 2.42 percent, or...