US stocks seek rebound following concerns over Trump's dismissal



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US stocks are announcing a wider opening Friday at the opening of Wall Street, seeking to recover from losses sparked by concerns over the consequences of an investigation of President Trump's removal from the market.

The three major equity futures indices are trading up 0.2%.

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The Congressional Trump Inquiry throws increased volatility into a market already nervous about trade tensions between the United States and China.

Although many analysts believe that the Trump investigation will have no significant impact on the market, it adds a degree of uncertainty and could complicate the White House's efforts to resolve trade disputes with China and other countries .

Still on Thursday, the Commerce Department announced that the US economy had posted a modest 2% growth in the second quarter, which is well below the growth rates of 3% and over from the previous year.

Teleprinter security Latest Change % Chg
I: DJI DOW JONES MEANS 26891.12 -79.59 -0.30%
SP500 S & P 500 2977.62 -7.25 -0.24%
I: COMP COMPOUND INDEX NASDAQ 8030.660825 -46.72 -0.58%

On Wall Street, the Standard & Poor's 500 index fell by 0.2% and the Dow Jones Industrial Average index by 0.3%. Nasdaq fell 0.6%.

In Asian markets, Shanghai's Chinese Composite Index rose 0.1%, but lost 2.5% for the week. It was the last trading day before the Chinese markets closed for a weeklong vacation.

Tokyo's Nikkei 225 lost 1.4% and Hong Kong's Hang Seng lost 0.3%.

Asian traders were encouraged by the announcement by the Chinese Ministry of Commerce that importers had agreed to buy US soybean while both sides were doing conciliation before trade negotiations.

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Negotiations plans next month have eased market concerns, but no progress has been made in resolving the deadly war between tariffs and trade and technology.

Associated Press contributed to this article.

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