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Dow Ends With Near 150-point Drop as Investors Tackle U.S.-China Tensions


Friday, 29 May 2020 03:27 WIB

DOW JONESS & P 500SahamASNasdaq Composite


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U.S. stocks ended lower on Thursday as investors faced worries around an escalating U.S.-China spat.

The S&P 500 fell 0.2% to 3,030. The Dow Jones Industrial Average shed 148 points, or 0.6%, to 25,401, based on preliminary numbers. The Nasdaq Composite retreated 0.5% to 9,369. Equities turned south late in the session after President Donald Trump said he would hold a press conference on China on Friday.

This comes as Washington and Beijing spar over a new national-security law on Hong Kong, raising concerns that its status as an Asian financial hub would come under threat. In company news, shares of Twitter Inc. fell on Thursday after President Donald Trump said he would sign an executive order aimed at limiting legal protections for social media platforms.

Source : Marketwatch


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