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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Wall Street stocks fell for a second session in a row Friday on rising US-China tensions and worries that equities have gotten overvalued. Beijing ordered the US consulate in Chengdu to shut in retaliation for the closure of its own Houston mission. The move comes amid escalating tensions between the two countries over the coronavirus and China's crackdown on Hong Kong. Analysts also cited unease over the hefty gains by equities since March despite a highly uncertain US economic outlook due to the coronavirus that has led to many companies refraining from forecasting earnings. "It's natural that people are starting to re-evaluate their expectations for forward earnings," said FHN Financial Chris Low. "That gets people thinking about valuation." The Dow Jones Industrial Average dropped 0.7 percent to 26,469.89. The broad-based S&P 500 shed 0.6 percent to 3,215.63, while the tech-rich Nasdaq Composite Index lost 0.9 percent at 10,363.18. Among individual companies, Dow member Intel plunged 16.2 percent after it announced that its next-generation chips would be delayed by manufacturing problems. American Express shed 1.4 percent as it reported an 85 percent drop in second-quarter profits to $257 million. The credit card company set aside $1.6 billion for bad loans, reflecting "the deterioration of the global macroeconomic outlook." jmb/cs
schema:headline	US stocks fall amid rising China tensions
schema:mentions	American Express S&P 500 Index Intel Stock Chengdu Dow Jones Industrial Average Credit card Houston Hong Kong China Severe acute respiratory syndrome coronavirus 2 Economic forecasting Macroeconomics NASDAQ Composite The Move Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-24 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	60 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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