US markets close lower amid China trade concerns

Thursday, 21. November 2019 22:00

Equities on Wall Street closed the trading session with losses on Thursday as investors analyzed the newest developments in relations between Washington and Beijing. A meeting between the House Democrats and United States Trade Representative Robert Lighthizer did not result in an agreement to continue the ratification process of the United States-Mexico-Canada Agreement (USMCA).

The Dow Jones Industrial Average index dropped 0.20% at the close. 3M Co. was the worst performer, losing 1.60%.

The Nasdaq 100 was 0.22% lower. Capital equipment company KLA Corp. declined the most, 6.96%.

The S&P 500 dipped 0.16%. E-Trade Financial Corp. led the losses, plunging 9.33%.

The euro and the pound were both flat compared to the dollar at 16:02 am ET, going for 1.10579 and 1.29064, respectively.

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Breaking the News / MS