Wall Street opens in red with all eyes on trade deal

Thursday, 21. November 2019 15:32

Shares on Wall Street were lower on Thursday after Chinese media reported the United States and China are on the "doorstep" of reaching a trade deal. Also, earlier in the day, it was reported that China's chief trade negotiator Liu He invited US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin to visit Beijing before Thanksgiving for a new round of negotiations. The US said that, in order to agree, they are expecting China to commit to protecting intellectual property, forced technology transfers and more agricultural purchases.

The Dow Jones fell 0.13% at 9:45 am ET with the 3M Co as the biggest loser that sunk 0.56%. S&P 500 went down 0.16% and the worst-performing stock was Nordstrom that declined 2.83%. The Nasdaq 100 lost 0.22% at the same time. The worst performer was KLA-Tencor Corporation that fell 5.28%.

The euro stood flat against the dollar, buying 1.10742 at 9:34 am ET.

Related Links: 
Author:
Breaking the News / TF