US Stocks Drop On Trade Tensions, Apple Weakness

Rukhshan Mir (@rukhshanmir) Published November 19, 2018 | 10:34 PM

Wall Street stocks opened a holiday-shortened week on a tepid note Monday, declining amid trade war worries and weakness in tech giant Apple.

New York, (UrduPoint / Pakistan Point News - 19th Nov, 2018 ) :Wall Street stocks opened a holiday-shortened week on a tepid note Monday, declining amid trade war worries and weakness in tech giant Apple.

About 10 minutes into trading, the Dow Jones Industrial Average was down 0.2 percent at 24,364.97.

The broad-based S&P 500 lost 0.

2 percent at 2,731.32, while the tech-rich Nasdaq Composite Index dropped 0.5 percent to 7,209.75.

Investor hopes for a near-term resolution of the US-China trade battle were dented by the messy conclusion of the weekend Asia-Pacific Economic cooperation summit, with Chinese President Xi Jinping and US Vice President Mike Pence attacking each other in speeches.