Wall St cuts losses after Chinese foreign minister comment

By Caroline Valetkevitch NEW YORK (Reuters) - The S&P 500 reversed losses to trade flat on Thursday after the Chinese foreign minister said the United States has shown good will by waiving tariffs on Chinese products. Stocks had been lower earlier as the release of a whistleblower report tied to the Democrats' impeachment move against President Donald Trump kept investors cautious along with a drop in Facebook shares following an antitrust investigation report

Reuters September 27, 2019 02:07:33 IST
Wall St cuts losses after Chinese foreign minister comment

Wall St cuts losses after Chinese foreign minister comment

By Caroline Valetkevitch

NEW YORK (Reuters) - The S&P 500 reversed losses to trade flat on Thursday after the Chinese foreign minister said the United States has shown good will by waiving tariffs on Chinese products.

Stocks had been lower earlier as the release of a whistleblower report tied to the Democrats' impeachment move against President Donald Trump kept investors cautious along with a drop in Facebook shares following an antitrust investigation report.

Facebook Inc slipped 1.8%. A person familiar with the matter told Reuters that the U.S. Justice Department will open an antitrust investigation of the social media company. The stock was among the largest drags on the Nasdaq.

A whistleblower report released earlier in the day alleged that Trump not only abused his office in attempting to solicit foreign interference in the 2020 U.S. election, but that the White House also tried to "lock down" evidence about that conduct. The report is seen as central to the Democrats' impeachment inquiry of Trump.

At 3:32 p.m. ET, the Dow Jones Industrial Average <.DJI> fell 2.21 points, or 0.01%, to 26,968.5, the S&P 500 <.SPX> gained 0.07 points, or 0.00%, to 2,984.94 and the Nasdaq Composite <.IXIC> dropped 29.16 points, or 0.36%, to 8,048.23.

(Additional reporting by Ambar Warrick and Medha Singh in Bengaluru; Editing by Nick Zieminski)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Republicans face growing corporate backlash after Capitol assault
World

Republicans face growing corporate backlash after Capitol assault

By Andy Sullivan and David Shepardson WASHINGTON (Reuters) - Republicans in the U.S. Congress faced growing blowback on Monday from businesses that said they would cut off campaign contributions to those who voted last week to challenge President-elect Joe Biden's victory. The announcements by Dow Inc., AT&T Inc.

Guardians of Congo's gorillas unbowed as ambushed colleague is buried
World

Guardians of Congo's gorillas unbowed as ambushed colleague is buried

By Djaffar Al Katanty GOMA, Congo (Reuters) - A line of Congolese park rangers raised their guns in salute on Monday as the coffin bearing their colleague Burhani Abdou Surumwe, a 30-year-old father of four, was buried in the black volcanic soil of a Muslim cemetery outside Goma.

COVID-19 fuelling education's tech disruption, deepening digital divide
World

COVID-19 fuelling education's tech disruption, deepening digital divide

TORONTO/NEW YORK (Reuters) - The COVID-19 pandemic deepened inequities in accessing and benefiting from education but the future of learning could be a more equal one, participants told Reuters Next panels on Monday.