Stock Exchanges in New York Showed A Mixed Picture on Friday At the Opening of Trading

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Stock exchanges in New York showed a mixed picture on Friday at the opening of trading.

 

Investors on Wall Street remain cautious due to mounting tensions between the United States and China over Hong Kong. President Donald Trump would later respond to China’s emergency laws for Hong Kong.

Shortly after the opening bell, the Dow-Jones index was 0.4 percent lower at 25,296 points. The broad-based S&P 500 went down 0.3 percent to 3,022 points, and tech exchange Nasdaq gained 0.2 percent to 9,394 points.

The Chinese parliament has approved a proposal to make a special law that will allow Chinese security services to work in Hong Kong when national security is at stake.

In Hong Kong, it is feared that this is the beginning of the end of autonomous status. Tensions around Hong Kong threaten to put pressure on the trade deal between Beijing and Washington.

Social media companies can count on attention again.

Trump has signed a decree to make companies like Twitter (minus 1.4 percent) and Facebook (plus 0.6 percent) liable for the content on their platforms.

He is angry after Twitter posted a warning about some of the messages he sent out. Trump believes that the company makes political choices with that.

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