MARKET OPEN: US-China jitters overhang sentiment

Fri, 22 May 2020

Jitters about US-China trade tensions and weak US jobs data may overhang the domestic market as investors look ahead to earnings reports next week. Investors have been on edge as US President Donald Trump has stepped up his rhetoric against China and Wall Street fell despite US White House economic adviser Larry Kudlow telling a Washington Post live webcast that phase 1 of the deal Is “intact.” The Dow Jones Industrial Average was down 0.4 percent at 8am in Wellington, the Nasdaq was down 1 percent and the S&P500 was down 0.8 percent. ...

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