US Stocks Lower as Italy, US-China Trade and UK GDP Weigh on Markets

August 9, 2019 Share Print 0

U.S. stocks opened lower on Friday, dragged down by technology shares, as investors grappled with fresh U.S.-China trade tensions, political turmoil in Italy and a surprise contraction in Britain’s economy.

The Dow Jones Industrial Average .DJI fell 41.10 points, or 0.16%, at the open to 26,337.09. The S&P 500 .SPX opened lower by 7.58 points, or 0.26%, at 2,930.51. The Nasdaq Composite .IXIC dropped 41.97 points, or 0.52%, to 7,997.19 at the opening bell.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.