The Dow Jones Industrial Average .DJI fell 79.59 points, or 0.3%, to 26,891.12, the S&P 500 .SPX lost 7.25 points, or 0.24%, to 2,977.62 and the Nasdaq Composite .IXIC dropped 46.72 points, or 0.58%, to 8,030.66.
Investors also digested a Bloomberg report that the United States is unlikely to extend a waiver allowing American firms to supply China’s Huawei Technologies Co Ltd.
· European stocks closed higher on Thursday amid hopes that the U.S. and China will be able to resolve their protracted trade battle, with upbeat consumer sentiment data out of Germany providing an additional boost.
The pan-European Stoxx 600 was up nearly 0.7% at the closing bell, with utilities stocks leading the way on a 1.6% gain and most sectors in positive territory.
European markets were buoyed Thursday by the German Gfk consumer confidence survey, which rose for the first time in 2019 to come in at 9.9 for October following a reading of 9.7 for September.
However, fears of heightened political uncertainty remain amid an impeachment inquiry launched by House Democrats into the U.S. leader.
· Asia Pacific stocks traded mixed Friday as investors watch for developments on the U.S.-China trade front.
Japan’s Nikkei 225 slipped 0.48% in early trade as shares o index heavyweight and conglomerate Softbank Group fell 1.49%. The Topix index also shed 0.85%. Shares of Apple supplier Japan Display plunged more than 7% after the company said Thursday Chinese investment firm Harvest Group would withdraw from a bailout.
In South Korea, the Kospi declined 0.54%. Australia’s S&P/ASX 200, on the other hand, rose 0.56%.
Overall, the MSCI Asia ex-Japan index traded 0.05% lower.
Reference: CNBC, Reuters
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