American equities slump as trade clashes resume

American equities slump as trade clashes resume

On Wednesday, US equities dived a bit because trade clashes between China and the United States resumed.

The S&P 500 inched down by 0.08% reaching 2,855.90, and the Dow slumped by 0.09% showing 25,607.01. As for the tech-heavy Nasdaq Composite, it went down by 0.10% trading at 7,875.92.

On Wednesday, China officially announced that it was fighting back the American trade duties, while on Tuesday the American government told that it’s going to slap a 25% duty on $16 billion of the opponent’s products on August 23, so the trade conflict between the two major economies of the world worsens. That’s the second set of duties against the Asian country for two months.

CVS Health appeared to be amidst the top performers after the morning bell, tacking on by up to 5.19% after its revenue beat forecasts. At the same time, Facebook managed to soar by 0.16%, while Bank of America edged up by approximately 0.18%.

In addition to this, Tesla was caught tumbling by nearly 2.14%. On Tuesday, the company inched up by about 11% right after Chief Executive Elon Musk told that he was considering taking the luxury car manufacturer private. As for Snap, it went down by 6.38% because the social media app posted an abrupt sink in daily active users. Walt Disney lost about 0.40% due to the fact its revenue came in lower than anticipated.

In the European bloc, equities were generally mixed. The DAX headed south by 0.18% in Germany. The CAC 40 went down by 0.34% in France. The FTSE 100 leapt by 0.64% in Great Britain. In addition to this, the Euro Stoxx 50 declined by about 0.46%. The IBEX 35 decreased by 0.65% in Spain.

Gold futures gained 0.01% trading at $1,218.40 a troy ounce.  As for crude futures, they dipped by 1.49% being worth $68.14 a barrel.

 

Similar

Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

The Yen Sets New Lows
The Yen Sets New Lows

The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!

BlackRock CEO Supports The USD
BlackRock CEO Supports The USD

BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera