International stocks traded lower, as investors braced for President Trump's response to China's push for tighter security controls on Hong Kong. By late morning in Hong Kong, the benchmark Hang Seng Index declined 0.8%. Indexes in Japan, South Korea and Shanghai slipped 0.3% or less.
Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes massive government stimulus can jump-start the world economy. E-Mini futures for the S&P 500 edged down 0.12% in early Asian trade, while Nikkei futures pointed to a loss of 10 points.
A rally in U.S. stocks came to an abrupt halt Thursday after President Trump said he would hold a press conference on China, raising jitters about a fresh standoff between the world's two largest economies. The Dow Jones Industrial Average fell 147.63 points, or 0.6%, to 25400.64, reversing course after two days of gains earlier this week. The blue-chip index had been up more than 210 points prior to Mr.
U.S. stocks finished in negative territory Thursday, with gains evaporating within the final hour of trade as markets digested a report that President Donald Trump was set to hold a news conference on China on Friday. Word of an event comes as tensions between China and the U.S. have ratcheted higher, particularly as Beijing was seen threatening the autonomy of Hong Kong. The Dow Jones Industrial Average fell 147.63 points, or 0.6%, at 25,400.64, well off its best level at 25,758.79,...
U.S. stocks ended lower on Thursday as investors faced worries around an escalating U.S.-China spat. The S&P 500 fell 0.2% to 3,030. The Dow Jones Industrial Average shed 148 points, or 0.6%, to 25,401, based on preliminary numbers. The Nasdaq Composite retreated 0.5% to 9,369. Equities turned south late in the session after President Donald Trump said he would hold a press conference on China on Friday.
By William Watts, MarketWatch, Andrea Riquier. U.S.-China tensions threaten economic recovery rally after three days of gains. Stocks closed lower Thursday, skidding into negative territory in the final hour of trade, after President Donald Trump said he would hold a news conference on China on Friday, rattling investors who had been enjoying a rally on optimism about an economic recovery from the coronavirus pandemic.
* Twitter, Facebook (FB) drop late. By Caroline Valetkevitch. Wall Street ended lower on Thursday following a late-session reversal, with Facebook (FB) weighing on the market after President Donald Trump said he would sign an executive order related to social media companies and would hold a news conference on China on Friday.
A rally in U.S. stocks came to an abrupt halt Thursday after President Trump said he would hold a press conference on China, raising jitters about a fresh standoff between the world's two largest economies. The Dow Jones Industrial Average fell 147 points, or 0.6%, as of the 4 p.m. ET close of trading, reversing course after two days of gains earlier this week.
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