US Stocks Lower on US-China Trade War Concerns

August 12, 2019 Share Print 0

U.S. stocks opened lower on Monday, dragged down by financial stocks, as investors shunned risky bets on fears that a drawn-out trade war between the United States and China could force the global economy into recession.

The Dow Jones Industrial Average fell 117.53 points, or 0.45%, at the open to 26,169.91. The S&P 500 opened lower by 11.58 points, or 0.40%, at 2,907.07. The Nasdaq Composite dropped 51.65 points, or 0.65%, to 7,907.49 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.