Market Dips Amid Renewed U.S.-China Trade Tensions
Wall Street indexes opened lower as trade tensions between the U.S. and China heightened after President Trump accused China of violating a tariff agreement. The Dow Jones, S&P 500, and Nasdaq Composite all experienced declines as investors also evaluated the latest inflation data.
Wall Street's primary indexes started in the red on Friday, reflecting growing unease over U.S.-China trade relations. This follows U.S. President Donald Trump's accusation against China for breaching a tariff agreement.
The early trading session saw the Dow Jones Industrial Average dropping by 23.4 points or 0.06%, commencing at 42,192.35. Similarly, the S&P 500 began with a decrease of 8.5 points or 0.14%, opening at 5,903.67.
The Nasdaq Composite wasn't unscathed, opening with a decline of 44.7 points or 0.23%, thus starting the day at 19,131.219. This climate of uncertainty was compounded by investors meticulously analyzing the newest inflation figures.
(With inputs from agencies.)
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