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Home / Business / US stocks appear to bounce back after Trump's concerns

US stocks appear to bounce back after Trump's concerns



U.S. stocks point to a higher opening on Friday as Wall Street opens, looking to recover from losses spurred by concerns about the impact an impeachment investigation by President Trump will have on the markets.

The three largest stock index indices trade 0.2 percent higher.

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The congressional report on Trump casts more volatility in a market already nervous about US-Chinese trade tensions.

While many analysts say that the Trump probe is unlikely to significantly impact the market, it provides some uncertainty and may hamper the White House's efforts to resolve trade conflicts with China and other nations.

Also on Thursday, the Department of Commerce reported that the US economy grew by a modest 2 percent during the second quarter, significantly lower than last year's growth rate of 3 percent plus.

Ticker Security Last Change % Chg
In: DJI DOW JONES A VERAGE 26891
.12
-79.59 -0.30% [19659017] SP500 S&P 500 2977.62 -7.25 -0.24%
I: COMP COMPOSITE INDEX 8030.660825 -46.72 -0.5 %

On Wall Street, Standard & Poor's 500 index fell 0.2 percent and the Dow Jones Industrial Average slipped 0.3 percent. Nasdaq fell 0.6 percent.

In Asian markets, China's Shanghai Composite Index dropped 0.1 percent, but lost 2.5 percent for the week. It was the last day of trading before Chinese markets closed for a week's holiday.

Tokyo's Nikkei 225 lost 1.4 percent and Hong Kong's Hang Seng dropped 0.3 percent.

Traders in Asia were encouraged by a statement from the Chinese Ministry of Commerce that importers had agreed to buy US soybeans when the two sides made conciliatory gestures ahead of the trade talks. [19659002] CLICK HERE TO READ MORE ON FOX BUSINESS

Plans to proceed with negotiations next month have helped ease market crushes, but there have been no signs of resolving the bruise tariff war on trade and technology.

The Associated Press contributed to this article.


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