Wall Street lost points due to US-China tensions

Sky Nguyen nguồn bình luận 999
A- A A+
The Nasdaq Composite lost nearly 1% when investors were concerned about unemployment data and a bill to help the US delist Chinese companies.
Wall Street lost points due to US-China tensions
illustration

End of session 21/5, the Dow Jones industrial index fell 101.78 points (0.4%) to 24,474 points. S&P 500 traded 0.8% lower than reference. Meanwhile, Nasdaq Composite lost nearly 1% to 9,284 points.

Amazon shares closed down 2.1% after hitting the top of the session. Netflix also lost 2.6%, while Alphabet and Apple fell 0.2% and 0.8%, respectively.

The US Department of Labor said the nation added 2.4 million people to apply for unemployment benefits last week. The total number of people applying for unemployment benefits during the pandemic has reached more than 38 million. 

Although the number of applications decreased compared to the previous weeks, analysts were still concerned about the impact of this issue. "New data show that the labor market is still affected in the near future," said Michael Arone, investment strategist at State Street Global Advisors. "Combined with US-China tensions, it is not difficult to solve. like the evolution of the market ".

The escalating tension between the US and China also put pressure on market sentiment in the session of 21/5. The US Senate on May 20 passed a bill requiring businesses listed on the US Stock Exchange to prove they are not under government control. 

This could cause Chinese businesses like Alibaba and Baidu to be delisted on New York and Nasdaq. Alibaba shares fell 2.1%, while JD.com shares also lost 3.2%.

Despite falling yesterday, the main Wall Street indexes still gained nearly 3% this week, thanks in large part to the easing blockade policy across the United States. 

Nguồn Tin:
Video và Bài nổi bật