The Stock Exchanges in New York Opened with Losses on Monday
The stock exchanges in New York opened with losses on Monday. The sentiment was under pressure due to continuing trade concerns. We also pay close attention to the ongoing demonstrations in Hong Kong.
Shortly after the opening bell in New York, the Dow-Jones index was 0.8 percent lower at 26,088 points.
The broadly composed S&P 500 dropped 0.6 percent to 2899 points, and the tech fair Nasdaq was put 0.7 percent lower at 7905 points.
The conflict between China and Hong Kong ended on Monday with the scrapping of hundreds of flights to and from the airport of the port city.
In March, protests against a law made it easier to extradite suspects to China. The demonstrations did not stop after the law was scrapped.
The alphabet was in the spotlight. The parent company of Google lost 1 percent after Google received a warning from the Russian government about advertising for “illegal protests” via YouTube.
Cannabis company CannTrust plummeted nearly 28 percent after a regulator rejected a production facility.