S&P 500, Dow try to halt 3-session skid, as trade-war fears linger

U.S. stock-market indexes struggled to push higher in early Thursday trade as worries over President Trump’s protectionist stance against trading partners outweighed a flurry of solid economic data.

Economic releases on Thursday on jobless claims and manufacturing data indicated the domestic economy remained healthy.

The Dow Jones Industrial Average which closed lower for three straight session struggled to stay in positive territory. The blue-chip index was up 70 points to 24,828, or 0.3%.

The S&P 500 was flat at 2,751, with roughly half of its main sectors trading lower. The Nasdaq Composite lost ground, falling 5 points to 7,493, a move of less than 0.1%.

Source: Marketwatch

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European Stocks Close Slightly Lower as Trade War Fears Weigh on Wall Street

The pan-European Stoxx 600 provisionally fell 0.08 percent by the close, in what was a choppy trading session. The region’s sectors, however, pointed in different directions by the close.

Major bourses closed relatively mixed, with the U.K.’s FTSE 100 falling 0.09 percent, and France’s CAC 40 slipping 0.18 percent. Germany’s DAX rose 0.14 percent.

Stocks in the region fell during the second part of the trading day, as Wall Street came under pressure. Around Europe’s close, the Dow Jones industrial average had tumbled 250 points with Boeing shares falling on fears that the U.S. could engage China in a trade war.

Source: CNBC

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Hong Kong stocks snap 4-day rising streak on trade war fears

Hong Kong stocks fell on Wednesday, breaking a four-day rising streak, as fears of a Sino-U.S. trade war outweighed optimism from China’s solid economic data.

The Hang Seng index fell 0.5 percent to 31,435.01, while the China Enterprises Index lost 0.5 percent to 12,684.52 points.

U.S. President Donald Trump is seeking to impose tariffs on up to $ 60 billion of Chinese imports in the very near future and will target the technology and telecommunications sectors, Reuters reported on Tuesday. Also fuelling fears of a trade war, Trump has fired his Secretary of State, regarded as a moderate in his administration.

Investors shrugged off stronger-than-expected data from China which showed the country’s industrial output expanded at a surprisingly faster pace at the start of the year. Fixed asset investment also handily beat forecasts, while retail sales improved from December.

Source: Reuters

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