US Stocks Down Slightly as Tensions With China Rise

Voice of America
22 May 2020, 03:35 GMT+10

Wall Street closed down slightly Thursday amid rising tensions between the United States and China.

The Dow Jones industrial average, S&P 500 and Nasdaq were all down a fraction.

Major indexes in London, Frankfurt and Paris all fell about 1%, and Asian markets closed mostly lower.

Analysts cite increasing tensions between the U.S. and China over the coronavirus outbreak for Thursday's sluggish performance.

President Donald Trump tweeted Wednesday that "Chinese incompetence" when the outbreak began in December had caused a "mass worldwide killing."

But U.S. stocks are still up 3% for the week following Monday's rally on optimistic news about a potential coronavirus vaccine.

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Dublin News.

null in null

Section

NEW YORK, New York -U.S. stock markets closed with broad gains on Thursday, led by strong performances in U.S. tech stocks, while European...

LONDON/STOCKHOLM: The Persson family is ramping up its investment in the H&M fashion empire, fueling renewed speculation about a potential...

PARIS, France: L'Oréal is making a fresh play in the booming premium haircare segment with a new acquisition. The French beauty conglomerate...

MENLO PARK, California: Robinhood is giving European investors a new way to tap into America's most prominent tech names — without...

NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...

NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...