U.S. stocks sag on China tensions as Europe rises on restarts

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Stocks pull back in the United States on Thursday, May 28, as tensions rise between the US and China.

for the coronavirus outbreak that has killed 100,000 Americans and added new uncertainty to his reelection prospects."At the moment, it's just talk, primarily, but you can't ignore it completely because, as we've seen in the past with this kind of thing, once it escalates, it escalates very quickly," said JJ Kinahan, chief market strategist at TD Ameritrade.

New orders for US manufactured goods also plunged 17.2% in April after a similar steep decline in March, the Commerce Department reported. "Equity markets in Europe are set to finish the day in positive territory as traders are hoping that governments will continue to loosen their lockdown restrictions," said CMC Markets analyst David Madden.

 

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