Morning Report 7 May 19: US markets ease but stage major recovery

US sharemarkets slumped at the start of trade. Investors were concerned after President Trump tweeted that tariffs on a raft of Chinese goods would increase on Friday as the trade negotiations were proceeding too slowly. But late in the session shares rebounded on a media alert indicating that the Chinese trade delegation would still visit the US this week. After being down 471 points, the Dow Jones ended lower by 66 points or 0.3%. The S&P500 index lost 0.5%. And the Nasdaq index fell by 41 points or 0.5%

 

 

 

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