US opens mixed amid virus fears, China tensions

Wednesday, 22. July 2020 15:30

Major stock markets in New York opened mixed on Wednesday amid the fears of the coronavirus second wave and the impact it may have on the United States economy. Meanwhile, the relationship between the US and China worsened as Washington ordered the Asian country to close its consulate general in Houston, Texas. China condemned the decision shortly after. On the business side, traders will keep a watchful eye on the financial reports for the second quarter that Microsoft Corp. and Tesla Inc. are scheduled to release after the closing bell.

The Dow Jones Industrial Average decreased by 0.10% as the trading session started, as Chevron lost 2.42% at 9:32 am ET. The S&P 500 lost 0.06% at the open, with FirstEnergy plunging 18.95% at 9:33 am ET. The Nasdaq 100 gained 0.17% at the opening bell, with Check Point Software Technologies rising 4.22%, two minutes into the session. Shortly after the session's start, all three indexes started trading in the green.

The euro went up by 0.52% against the dollar, selling for $1.15876 at 9:34 am ET.

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Breaking the News / BU