Wall Street stocks dipped early Thursday after fresh trade
war rhetoric from President Donald Trump, while Boeing shares tumbled following
a brutal Air India crash on a 787 jet.
Just hours after Trump reached a new detente with China on
trade tensions, the president threatened to “send letters out” with an
ultimatum to other trading partners.
Meanwhile, Boeing shares shed about five percent after a
London-bound 787 Dreamliner crashed in western India, likely killing all 242
people on board.
About 25 minutes into trading, the Dow Jones Industrial
Average was down 0.4 percent at 42,705.52.
The broad-based S&P 500 slipped 0.1 percent to 6,018.24,
while the tech-rich Nasdaq Composite Index also declined 0.1 percent to
19,595.85.
Data showed that wholesale prices rose 0.1 percent last
month, a modest uptick as analysts continue to caution that Trump’s tariffs
could lift inflation in the coming months.
Among other stocks, Oracle surged 12.1 percent following an
upbeat earnings report. The software giant scored eight percent revenue growth
in the last year but predicted the coming year would be “even better.”
AFP
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