The Business Times

US: Wall St opens flat on simmering US-China tensions

Published Fri, May 22, 2020 · 01:48 PM

[NEW YORK] US stocks opened flat on Friday as investors pitted hopes of more stimulus to revive an ailing economy against deteriorating US-China relations over Beijing's move to impose a national-security law in Hong Kong.

The Dow Jones Industrial Average fell 12.14 points, or 0.05 per cent, at the open to 24,461.98.

The S&P 500 opened lower by 0.46 points, or 0.02 per cent, at 2,948.05, while the Nasdaq Composite dropped 6.33 points, or 0.07 per cent, to 9,278.55 at the opening bell. 

REUTERS

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