US shares fluctuate with unemployment data
US stocks fluctuated with unemployment benefits data
US stocks fluctuated as investors turned their attention to data of unemployment benefits in an environment of increasing trade tensions between the US and China.
Standard & Poor’s 500 (S&P 500) Index fluctuated between loss and earnings regions as industry and finance stocks rose, while health and information technology stocks led the declines.
In the US, the number of applicants to benefit from unemployment benefits has been 2.44 million. The markets were already in a bad mood, with the US Senate taking a step to increase tensions with China, ratifying a law preventing some Chinese companies from being listed on the US Stock Exchange. On the other hand, US President Donald Trump, in a statement he made via Twitter, criticized Xi Jinping’s leadership with a harsh language, causing the tension with China to go further.
AxiCorp. “Markets may be pricing too much relief and indifference because the ” Phase 1 ” trade agreement between the US and China is at risk,” said the pandemic and the resulting acute economic downturn. It may make it much more difficult for them to realize their trade commitments. ”
The S&P 500 Index fell 0.18 points or 0.01 percent at 17:15 to 2,971.43 points, while the Dow Jones Index rose 91.49 points or 0.37 percent to 24,667.39 points, and the Nasdaq Index fell 21.37 points or 0.23 percent to 9,354.41 points.
