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US STOCKS-Wall Street falls like Trump, Hong Kong mad mood



(For a live blog on the US stock market, click or type LIVE / in a news window.)

* Trade-sensitive tech, industrial decline

* Most US listed Chinese stocks lower

* Qualcomm, Cisco drops after broker downgrade

* Walgreens jumps on report purchase method

* Indices down: Dow 0.35%, S&P 0.30%, Nasdaq 0.32% (Updates to open)

By Arjun Panchadar [1965900811november(Reuters)-DeviktigsteindeksenepåWallStreetfaltmandagdakommentarerfrapresidentDonaldTrumpdempetoptimismenrundtenhandelsavtalemellomUSAogKinamensopptrappendevoldiHongKongøkteinvestorensbekymringer

Hope of a "phase one" agreement to terminate the malicious 16 month trade war and largely optimal business income, has resulted in a meeting which helped the three major stock indices to close the record height Friday.

But Trump said Saturday that the United States would only make a deal if it was the "right deal" for America, adding that the talks had to go slower than he wished.

Nine of the 11 major S&P 500 sectors were lower, with the energy sector the largest downturn.

Technology shares fell 0.2% and were among the largest moves on the benchmark index due to weakness of chip manufacturers, which receive a significant portion of sales from China. The trade-sensitive industrial sector also fell 0.4%.

Continued violence in Hong Kong sentiment after police shot and wounded a demonstrator in the 24th straight week of pro-democracy unrest in Chinese-controlled territory.

"You have China involved in two main variables now, which seems to cause some nervousness," said Andre Bakhos, CEO of New Vines Capital LLC in Bernardsville.

"In times like these, markets will be unstable and erratic, especially after declining all the time."

The third quarter earnings season is approaching a positive note, with nearly three-quarters of the 446 S&P 500 companies has reported results so far topping profits, according to Refinitive data.

Attention will now shift to financial data as well as to Federal Reserve leader Jerome Powell's testimony later this week.

At 10:13 am ET, the Dow Jones Industrial Average was down 97.34 points, or 0.35%, at 27,583.90, the S&P 500 was down 9.39 points, or 0.30%, at 3,083 , 69 and the Nasdaq Composite were down 27.46 points, or 0.32%, at 8,447.85.

Walgreens Boots Alliance Inc jumped 6.3% after Bloomberg reported KKR & Co had formally approached the pharmacy giant to be the largest ever leveraged acquisition.

Qualcomm Inc fell among other stocks by 2.4% after Morgan Stanley downgraded the chip maker to "equal weight" from "overweight".

Shares in Cisco Systems Inc fell 1.2% when Piper Jaffray downgraded the network gear manufacturer to "neutral" from "overweight".

Declining questions were the number of advisers for a 1.62-to-1 ratio on the NYSE and a 1.56 to -1 ratio on the Nasdaq.

The S&P index recorded 7 new 52-week highs and a new low, while the Nasdaq recorded 25 new highs and 48 new lows. (Reporting by Arjun Panchadar and Agamoni Ghosh in Bengaluru; Editing by Sriraj Kalluvila and Anil D & # 39; Silva)


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