About: http://data.cimple.eu/news-article/6c60b98eaa0f80c8e17d06a5a8644ce5af7fee9783e828f39034c314     Goto   Sponge   NotDistinct   Permalink

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

AttributesValues
rdf:type
schema:articleBody
  • Wall Street stocks ended lower Thursday following a late-afternoon retreat on growing US-China tensions, as markets digested more bad economic data following coronavirus shutdowns. The Dow Jones Industrial Average finished at 25,400.64, down 0.6 percent and ending a three-day winning streak. The broad-based S&P 500 fell 0.2 percent to 3,029.73, while the tech-rich Nasdaq Composite Index shed 0.5 percent to 9,368.99. Stocks had been in positive territory most of the day but pulled back after US President Donald Trump announced he would hold a press conference on China on Friday. The announcement follows strong US criticism of a security law allowing China to tighten its grip on Hong Kong. Trump has also blamed Beijing for the coronavirus outbreak that has killed 100,000 Americans and added new uncertainty to his re-election prospects. The twin developments have investors fearing the return of a revived US-China trade war. "At the moment, it's just talk, primarily, but you can't ignore it completely because as we've seen in the past with this kind of thing, once it escalates, it escalates very quickly," said JJ Kinahan, chief market strategist at TD Ameritrade. Labor Department data showed another 2.12 million people filed for unemployment in the United States last week, pushing total layoffs since the start of the coronavirus crisis to more than 40 million. New orders for US manufactured goods also plunged 17.2 percent in April, after a similar steep decline in March, the Commerce Department reported. Though terrible, the data was not significantly worse than expected and investors shrugged it off for most of the day. Major air carriers had a bad day after American Airlines said it was cutting 30 percent of its management and support staff, the latest example of belt-tightening in the industry as it faces a severe downturn. American lost 8.4 percent while United Airlines shed 5.9 percent. Dollar Tree surged 11.6 percent after the no-frills retailer reported higher sales, with same-store sales at its chain Family Dollar surging 15.5 percent. jmb/cs
schema:headline
  • US stocks end lower as China tensions end 3-day Dow streak
schema:mentions
schema:author
schema:datePublished
http://data.cimple...sPoliticalLeaning
http://data.cimple...logy#hasSentiment
http://data.cimple...readability_score
http://data.cimple...tology#hasEmotion
Faceted Search & Find service v1.16.115 as of Oct 09 2023


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 3 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software