Wall Street decline deepens – banks and energy sector in ugly slope

The trade war took on new rounds on Friday when China said during the day that he was in charge of the US president Donald Trump duties set up. China said it would set an additional 34 % extra duties for imports from the United States.

The key stock indices in the United States also opened on Friday for an ugly decline. The S&P 500 generally opened 2.4 %, Nasdaq Composite to 2.8 %. Dow Jones had fallen by 2.3 percent.

However, the decline had clearly accelerated as the trading progressed. In six countries, the S&P 500 had spent 4.5 per cent in Finland and about 5 % Nasdaq Composite. Dow Jones, on the other hand, had fallen 3.7 percent.

Just as in Europe, the banking sector was in the United States. According to Bloomberg, the Banks of the S&P 500 index had fallen by 5.5 percent. The steepest decline was Citigroup, whose course was over ten percent in frost.

Energy companies, which were over seven percent, were also significant. For example, the Philips 66 shares were down by more than ten percent.

The S&P 500 technology companies, on the other hand, were down by about 5.8 %. Among the toughest skiers were several former courses, such as the Super Micro Computes and the Palantir. Super Micro and Palantir courses had fallen 13 percent.

By Editor

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