(Reuters) – The New York Stock Exchange opened in dispersed order on Friday in a context of uncertainty, investors digesting not only the results of companies but also the signs indicating a possible de -escalation of trade tensions.
In the first exchanges, the Dow Jones index lost 49.67 points, or 0.12%, at 40,043.73 points while the Standard & Poor’s 500, wider, increased from 0.09% to 5,489.97 points.
The Nasdaq Composite takes 0.09%, or 14.97 points, at 17,181.01 points.
Investors positively welcome any signal for de-escalation of trade tensions between China and the United States. However, the publication of an interview by American president Donald Trump on Time Magazine threatens a relative calm that had settled in the markets on Friday.
According to the interview, Donald Trump said that his administration discussed China to conclude an agreement on customs duties and that Chinese President Xi Jinping had called him. In addition, he considers a victory there the fact that the United States applies customs duties of 50% on foreign imports in a year.
However, China denied the assertion of Donald Trump on Friday that his administration discusses with China to conclude an agreement on customs duties.
“China and the United States do not lead any consultation or negotiations on customs #droits. The United States should stop creating confusion,” said a statement from the Ministry of Foreign Affairs published by the China Embassy in the United States.
Investors were also reassured by the financial results in the first quarter of Alphabet (+3.48%), a mother company of Google, which appeared concerns about the profitability of the group’s considerable investments in artificial intelligence.
Intel fell by 7.55% after having declared a turnover for the current quarter lower than the expectations of Wall Street, throwing a shadow over the first weeks of Lip-Bu Tan at the head of the group and fueling concerns about the repercussions of the Sino-American trade war.
T-Mobile lost 8.15% after adding fewer subscribers to mobile telephony than Wall Street provided for it in the first quarter.
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(Written by Mara Vîlcu, edited by Kate Entringer)
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