The market finished lower on Friday as shares of big tech lagged, with stocks also taking a hit after China retaliated to the closure of its consulate in Houston earlier this week by ordering the U.S. to close its consulate in Chengdu.The Dow Jones Industrial Average was down 0.7%, nearly 200 points, on Friday, while the S&P 500 fell 0.6% and the tech-heavy Nasdaq Composite 0.9%.
The market took a hit from worsening U.S.-China tensions, which hit a low point after Beijing ordered the closure of a U.S. consulate in Chengdu on Friday.” response to the Trump Administration’s decision to shut down the Chinese consulate in Houston earlier this week.for a second day in a row: Facebook, Apple and Microsoft all fell.
Shares of Intel tanked over 16% after the company, despite beating earnings and revenue estimates last quarter, indicated that it expects“While traders couldn't get enough of big tech last week, they cant get away from it fast enough this week,” Bespoke Investment Group said in a recent note.Spot gold traded higher than $1,900 for the first time since 2011. Investors have rushed to safe-haven assets like gold amid continued uncertainty around the coronavirus pandemic and U.S.-China tensions.
Source: News Formal (newsformal.com)
skleb1234 When have you ever reported it go up in the last 7 months? Only down
skleb1234 Cuz the chengdu consulate was the main profit driver of the dow companies *eye roll*
skleb1234 Congratulations
skleb1234 red monday . down ,
skleb1234 Wishing safety to the U.S. citizens.
skleb1234 👎BEE ESSS🤣🤣🤣
skleb1234 realDonaldTrump gonna address these numbers? No?
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