US stocks suddenly turned down at the end of the session, investors continued to worry about US-China relations

US stocks suddenly reversed at the end of the session on May 17, after CNBC reported that trade negotiations between the US and China were ...


US stocks suddenly reversed at the end of the session on May 17, after CNBC reported that trade negotiations between the US and China were in stagnation.

The Dow Jones industrial average fell 98.68 points to 25,764 points. S&P 500 lost 0.6% to 2,859.53 points. The Nasdaq Composite slipped 1%, ending the session with 7,816.28 points.

Sources close to CNBC revealed that the arrangement of future negotiations has stagnated since the Trump administration strengthened its monitoring of Chinese telecommunications companies. An American delegation was invited to Beijing earlier this week.

This information made Dow Jones turn to reduce points only in the last hour of the session, erasing the previous increase of about 30 points. The S&P 500 and Nasdaq are in the same situation.

The movement of Dow Jones in Friday session.

Apple shares fell 0.6%, bringing the weekly decline to 4.1%. Caterpillar also has negative movements.

Earlier this week, Mr. Trump's administration made a stronger move than American companies in cooperating with Huawei. Any American company that wants to work with Huawei must have a license. Shares of suppliers for Huaweil such as Qualcomm, Qorvo and Micron Technology fell 1.6%, 6.1% and 3.4%, respectively.

US stocks started the week with a strong sell-off session on Monday. Wall Street continued to witness a positive performance for 3 consecutive days. However, the rally is not enough to compensate for the negative after that. Dow Jones recorded the longest decline in the week since May 2016, down 0.7%. S&P 500 and Nasdaq fell 0.8% and 1.3% respectively this week.
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High Tech Brain: US stocks suddenly turned down at the end of the session, investors continued to worry about US-China relations
US stocks suddenly turned down at the end of the session, investors continued to worry about US-China relations
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