Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  US markets end mostly lower on Wednesday


US markets end mostly lower on Wednesday

Following the modest weakness seen in the last session, the US markets ended mostly lower on Wednesday as investors braced for another round of trade negotiations between the US and Canada. Canadian Prime Minister Justin Trudeau has indicated Canada will not bend on key demands regarding NAFTA in talks with the US this week. Trudeau added there are a number of things they absolutely must see in a renegotiated NAFTA.  Besides, a sharp sell-off in tech pushed the Nasdaq Composite and S&P 500 lower. The weakness in tech stocks came as Facebook Inc. and Twitter Inc. executives testified on Capitol Hill about online misinformation. Further, there was some cautiousness in the markets on reports that President Donald Trump intends to impose tariffs on another $200 billion worth of Chinese imports as soon as a public comment period ends on Thursday may also generate selling pressure.

On the economic front, the Commerce Department released a report showing the US trade deficit widened in the month of July. The Commerce Department said the trade deficit widened to $50.1 billion in July from a revised $45.7 billion in June. Street had expected the deficit to widen to $50.1 billion from the $46.3 billion originally reported for the previous month.

The S&P 500 declined 8.12 points or 0.28 percent to 2888.60 and Nasdaq slipped 96.07 points or 1.19 percent to 7995.17, while Dow Jones Industrial Average gained 22.51 points or 0.09 percent to 25974.99.

Related News

View all news

US markets end lower as growth concerns resurface

The US markets ended lower on Tuesday on renewed concerns about global growth and the US-China trade war. The International Monetary Fund (IMF) said the global expansion is weakening at a rate that is......

US markets extend gains on optimism about trade leads

Extending gains for fourth straight session, the US markets ended sharply higher on Friday, with gains of over a percent each, as traders continued to express optimism about trade talks between the US......

US markets end higher on hopes of easing trade tensions

Magnifying their gains for third straight day, the US markets ended higher on Thursday on report that the US is considering lifting some tariffs on Chinese products in an effort to elicit more concessions......

Top News

View all news

RPP Infra Projects bags orders worth Rs 62.90 crore from BHEL

RPP Infra Projects has bagged orders from Bharat Heavy Electricals (BHEL), Chennai for worth of Rs 62.90 crore. The first order is for providing civil works of Boiler, Mill and Bunker, ESP area of unit......

Glenmark gets tentative ANDA approval for Abiraterone Acetate Tablets

Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted tentative approval by the United States Food & Drug Administration (USFDA) for Abiraterone Acetate Tablets USP, 250 mg, a generic......

HDFC Standard Life Insurance reports 18% rise in Q3 net profit

HDFC Standard Life Insurance has reported results for third quarter ended December 31, 2018. The company has reported a rise of 18.48% in its net profit at Rs 245.63 crore for the quarter under review......