US equities fell on Friday after China ordered the US to close its consulate in Chengdu, two days after the US called on China to…
US equities fell on Friday after China ordered the US to close its consulate in Chengdu, two days after the US called on China to close its own consulate in Houston.
Though the economic superpowers had enjoyed months of relative peace, the latest tensions have ratcheted up concerns about the US-China relationship souring in an already weakened global economy.
Here’s where US indexes stood shortly after the 9:30 a.m. ET market open on Friday:
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Investors also mulled gloomy earnings news at the start of the session. Intel sank after warning of delays to its next-generation chips and missing expectations for next-quarter figures. American Express shares slumped after the company reported quarterly revenue that fell below estimates.
