Wall Street opens lower as US and China talk trade

Markets 5/18/2018, 3:33 PM
Wall Street opens lower as US and China talk trade

Stock markets in the United States started the Friday trading session with losses as Washington and Beijing launch the second round of negotiations on a new trade deal between the two largest economies in the world. However, the US President Donald Trump voiced his concerns yesterday about the possibility of a new trade deal, saying that China "has become very spoiled." Meanwhile, Trump's decision to withdraw the US from Iran nuclear deal and reimpose sanctions on Tehran has made an impact on oil prices, with Brent hitting $80 per barrel during yesterday's session.

The Dow Jones was little changed at the start of the session, dipping 0.04%, while the Nasdaq 100 lost 0.39%, weighed down by Applied Materials. Meanwhile, the S&P 500 was down 0.17% at the opening bell to begin trading in the red, with Campbell Soup Company as the worst performer.

The euro was 0.26% lower against the dollar to sell for 1.1763 at 3:32 pm CET.

Breaking the News / FH

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