The fear of an escalation of the trade dispute with China, the Wall Street for the week end. After the situation had calmed in the American stock market on the previous day, finally, something, came, the major indices on Friday once again under strong pressure. The investors did not trust in stockbrokers, according to the government’s efforts in Washington to provide relaxation. Investors are missing a more concrete indication of how the impending tariff increases should be avoided.
The Dow Jones Industrial closed 2.2 percent lower at 24.389 points. Thus, the Minus of the us leading index came in because of the national mourning day for the deceased former 41. President George H. W. Bush shortened the week to 4.5 percent. This is the largest percentage weekly loss since March.
Historically, it was 19t-largest daily point loss in the Dow Jones. In percent only room 803, however, it was.
For the broad market S&P 500, it went up on Friday by 2.3 percent to 2633 points down. The technology index Nasdaq 100 fell by 3.3 percent to 6613 points.
The conflict, the Chinese Tech-giant Huawei, according to the economic adviser of the American President Donald Trump, Larry Kudlow, is no obstacle in trade talks with China. The arrest of Huawei chief financial officer Meng Wanzhou will not affect the negotiations, said Kudlow in the American news channel CNBC. Trump had previously tweeted: “The China-discussions are going well!”
Tech stocks
for fear Of an escalation of the trade conflict to lose had to arrest the investors Wanzhous driven to the middle of the week in the escape. American investigators accused the Manager of a company called Skycom transactions with Iran and the Sanctions infringed
The stock market in the United States, meanwhile, considered the chart technically under increasing pressure, according to technical analysts. “However, the Chance that the in October, begun in weakness is only a correction and the beginning of an overdue sideways consolidation marked,” said Hans-Peter Reich, Huber Landesbank BayernLB, with a view on the S&P 500.
