NEW YORK - US stocks slipped on Friday after news that the Trump administration was considering delisting Chinese companies from US stock exchanges and limit US investments into China.
"You never know if it's a ploy to get some leverage on those talks... it could be just trying to rile up the base, but at face value, it's going to be a bit of a negative for the markets," said Scott Brown, chief economist at Raymond James in St Petersburg, Florida. In addition to trade headlines, investors will next week focus on the ISM's purchasing managers index data for September, especially after the August report showed contraction in the manufacturing sector, as well as the pivotal jobs report.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: Wall St starts flat as political woes offset China on trade[NEW YORK] US stock indexes saw a muted open on Thursday as fresh developments on the impeachment inquiry into President Donald Trump kept markets subdued, dampening optimism spurred by upbeat comments from China on trade. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Trump considers delisting Chinese firms from US stock markets: sourceThe U.S. government is considering the possibility of delisting Chinese companies from U.S. exchanges, a source briefed on the matter said on ... stupid move
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Trump considers delisting Chinese firms from US markets: SourceWASHINGTON (REUTERS) - President Donald Trump's administration is considering the possibility of delisting Chinese companies from US stock exchanges, a source briefed on the matter said on Friday (Sept 27), in what would be a radical escalation of trade tensions between the two countries.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »