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Wall St. Slips as Trade Tensions Mount; Fed Minutes Awaited


Wednesday, 22 May 2019 23:12 WIB

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U.S. stocks dipped on Wednesday, as trade tensions were heightened on reports that Washington could impose sanctions on another Chinese company, while investors awaited the release of minutes from the Federal Reserve's latest policy meeting.

The reports come after the United States temporarily eased curbs on Huawei Technologies Co Ltd, calming investor nerves on Tuesday over a hit to technology sector earnings from the Trump administration’s decision last week to add the Chinese telecoms equipment maker to a trade blacklist.

However, likely similar curbs on Chinese video surveillance firm Hikvision soured sentiment on Wednesday.

At 11:18 a.m. ET, the Dow Jones Industrial Average was down 63.57 points, or 0.25%, at 25,813.76. The S&P 500 was down 6.17 points, or 0.22%, at 2,858.19 and the Nasdaq Composite was down 24.20 points, or 0.31%, at 7,761.53.

Source : Reuters


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