US stocks open lower amid China trade deal uncertainty

Monday, 11. November 2019 15:29

Equities in the United States markets opened in the red on Monday after US President Donald Trump said on Friday that he didn't approve rolling back tariffs that have been imposed on Chinese goods and that he would not accept canceling all of them. Earlier today, the Chinese Foreign Ministry criticized US Chief Technology Officer Michael Kratsios after he accused tech giant Huawei of espionage. No US economic data is expected to be published today because of Veterans Day.

The Dow Jones Industrial Average index dropped 0.68%, or 160 points, at the open. Cisco Systems declined by 2.15% and led the losses at 9:50 am ET.

The Nasdaq 100 was 0.53% lower at 9:32 am ET. Qualcomm lost the most, 2.91%, at 9:34 am ET.

The S&P 500 dipped 0.50% at 9:33 am ET. Mining company Freeport-McMoRan Inc. was the worst performer, falling by 3.65% concurrently.

The euro was 0.12% higher compared to the dollar to trade at 1.10345 at 9:44 am ET, while the pound increased by 0.74% against the US currency, going for 1.28770 at 9:45 am ET.

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