The stock markets in New York are slightly lower on Monday. Investors on Wall Street processed disappointing figures about Chinese exports.
The focus continues to be on further developments on the Sino-US trade front, while also looking forward to the interest rate decision of the Federal Reserve and the UK elections later this week.
The Dow-Jones index was set 0.2 percent lower in the opening minutes to 27,965 points. The broad-based S&P 500 lost 0.1 percent at 3141 points, and the Nasdaq tech fair lost a fraction of up to 8655 points.
The companies pay attention to the American biotechnology company Synthorx (plus 169 percent). The French pharmaceutical company Sanofi is taking over the company for around 2.5 billion dollars. Synthorx is involved in the development of medication for cancer and autoimmune diseases.
Besides, the American pharmaceutical company Merck buys biotechnologist ArQule for 2.7 billion dollars. ArQule (plus 103 percent) is also active in cancer treatment.
Department store chain Macy’s lost 2.3 percent after a drop in an advisory by Goldman Sachs while Citigroup reduced investment advisory for industry group 3M (minus 1.2 percent). Utility company PG&E has reached a settlement with victims of the wildfires in California last year.
This is an amount of 13.5 billion dollars. The PG&E share increased by almost 15 percent.