Wall Street opens in red dragged by financials
|Major equity indexes in the United States started the day in the negative territory as investors continue to react to headlines surrounding the U.S.-China trade conflict. Earlier today, People's Daily, the ruling Communist Party’s primary news outlet, in an article wrote that the trade conflict will only make China stronger and will never "bring the country to its knees," to reaffirm China's tough stance. As of writing, the Dow Jones Industrial Average was losing 0.45% on the day while the S&P 500 and the Nasdaq Composite were down 0.5%.
A more-than-1% drop witnessed in the 10-year Treasury bond yields amid the sour market sentiment weighs on the Financials Index, which was last down 0.6% on the day. Additionally, the trade-sensitive Industrials Index is losing 0.65% to be the worst performing sector in the early trade.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.