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Dow Opens With 200-Point Loss After U.S. Blacklists Chinese Tech Companies


Tuesday, 8 October 2019 20:48 WIB

DOW JONESSaham AS


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U.S. stocks fell at the opening bell on Tuesday after the Trump administration put eight Chinese companies on a blacklist, threatening to overshadow trade negotiations at the end of the week.

The S&P 500 fell 0.7% to around 2,918. The Dow Jones Industrial Average shed 237 points, or 0.9%, to around 26,241. Nasdaq Composite retreated 0.8% to 7,893.

Chinese Vice Premier Liu He is set to visit the U.S. on Oct. 10-11. But Bloomberg News reported the Commerce Department would put several Chinese companies on the so-called entity list, raising worries the measures could set a bad tone for upcoming trade talks.

In company news, shares of Domino's Pizza Inc. held their ground even after the company posted weaker-than-expected earnings for its third quarter.

Source : Market Watch


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