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Wall Street opens down after Thanksgiving

2019-11-29T15:28:50.616Z

Wall Street opens down after Thanksgiving



New York (AFP)

The New York Stock Exchange receded at the opening Friday in a quiet market in the aftermath of Thanksgiving, watching for new developments on the Sino-US trade front.

Its leading index, the Dow Jones Industrial Average, yielded 0.29% to 28,081.23 points, around 15:00 GMT.

The Nasdaq, with strong technological color, lost 0.25% to 8,683.00 points and the broad S & P 500 index 0.22% to 3,146.71 points.

Closed Thursday, Wall Street had reached new records on Wednesday, taking advantage of solid data on the US economy: the Dow Jones rose 0.15% and the Nasdaq 0.66%.

The session of Friday, last of November, is shortened, the place New York to close at 18:00 GMT.

"It should be one of the quietest (if not the quietest) of the year, which means it will take the tweezers movements of the market," warns Patrick O ' Hare, Briefing.

According to the expert, the retail sector could be in the spotlight because of the promotional operations of "Black Friday", a day on which countless traders to boost their sales end of the year.

Investors were also paying attention to the latest trade turmoil between Beijing and Washington following the promulgation on Wednesday by US President Donald Trump of a law supporting pro-democracy protests in Hong Kong.

This text has angered China, which has threatened to respond.

"The nature of China's retaliation is unclear for the moment, but the threat Beijing poses and the fear that this law will complicate the signing of a phase 1+ agreement is the main reason why the back this morning, "says O'Hare.

In the bond market, the 10-year US debt rate was 1.774%, compared with 1.765% at the previous closing.

© 2019 AFP

Source: france24

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