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The Dow Jones Industrial closed with a loss of 0.88% to 24,700.45 points. This ended a four-day winning series of the US leading index. The S & P 500 at the market scale fell 0.71% to 2774.02 points in the middle of the week. The Nasdaq 100 selection index, which had already weakened the day before, fell 0.53% to 7243.98 meters.
Recently, positive economic news and the hope of good statistics have relegated the international conflict to the background. However, with the threat of widening the conflict with China, investors could no longer ignore the issue.
On behalf of Trump, Trade Representative Robert Lighthizer presented a $ 200 billion list of additional Chinese punitive products. can be busy. After the hearings, the rates may come into effect at the end of the month of August. Thus, half of Chinese imports would be affected by special taxes. The Beijing government reacted "shocked" and announced "necessary countermeasures" in case of its entry into force.
This could also affect companies in the semiconductor industry. Micron Technology's chip maker and Nvidia graphics processor specialist lost 2.80% and 2.26% respectively.
Meanwhile, the ongoing contest for the British press group Sky Rupert Murdoch, 21st Century Fox, weighed 98%, after Fox – as expected – thwarted Comcast's current offer with a new higher bid. On the other hand, the share of the cable giant rose by 1.29%
. The goal of lower revenue for the second quarter of American Airlines was clouded: share certificates fell 8.08%. This also affected other names in the industry: United Continental and Delta Air Lines lost 3.39 and 1.50% respectively.
On the other hand, Tripadvisor shares rose by 1.88%. British investment bank Barclays had commented positively on the shares of the travel platform.
Fastenal's shares climbed by about ten percent. The manufacturer of connectors, such as screws, bushings and bolts, had a positive surprise with its quarterly profit.
In the US bond market, 10-year government bonds rose by 2/32 points to 100 9/32 points, or 2.84%. The euro outweighed a downtrend and a negative trend: the common currency fell to 1.1673 US dollars. The European Central Bank (ECB) set the benchmark rate at 1.1735 dollars, the dollar cost 0.8522 euros. / Gl / he 194592002– By Gerold Loehle, dpa-AFX —
(AWP)
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