🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

Stocks - Wall Street Starts Flat as Trade Tensions Continue

Published 08/29/2018, 09:38 AM
© Reuters.  Wall Street opened flat on Wednesday.
UK100
-
XAU/USD
-
US500
-
FCHI
-
DJI
-
DE40
-
ES35
-
STOXX50
-
BA
-
GOOGL
-
AMZN
-
AMD
-
CRM
-
DX
-
GC
-
CL
-
TSLA
-
IXIC
-
GOOG
-
WEED
-

Investing.com - Wall Street was mostly flat on Wednesday, not unusual for a typically low-volume week, as trade tensions lingered

The S&P 500 gained 2 points, or 0.07%, to 2,900.18 as of 9:37 AM ET (13:37 GMT), while the Dow decreased 13 points, or 0.05%, to 26,050.17 and the tech-heavy Nasdaq Composite rose 17 points, or 0.22%, to 8,047.91.

Investors remained cautious ahead of a upcoming deadline in Sino-U.S. trade disputes, as a trade deal between the U.S. and Mexico that looked to include Canada was underway.

Canada's Foreign Minister Chrystia Freeland is in Washington to negotiate the country’s spot in the revisions of the North American Free Trade Agreement (NAFTA) following Monday's deal between the United States and Mexico. U.S. President Donald Trump has said he will levy tariffs on Canada if they do not agree with the new trade deal.

Meanwhile, the next round of U.S tariffs on $200 billion worth of Chinese goods are expected to take effect in late September after the public comment period ends on Sept. 5.

Technology stocks were among the top gainers after the morning bell, with Amazon (NASDAQ:AMZN) up 1.08% and Alphabet (NASDAQ:GOOGL) gaining 1.02%. Meanwhile, Salesforce.com (NYSE:CRM) inched up 0.18% and medical marijuana company Canopy Growth (NYSE:CGC) surged 3.28%.

Elsewhere, Tesla (NASDAQ:TSLA) fell 1.24%, while Advanced Micro Devices (NASDAQ:AMD) dipped 2.50% and Boeing (NYSE:BA) fell 0.25%.

In Europe stocks were mixed. Germany’s DAX rose half a point, or 0.01%, while in France the CAC 40 increased 4 points, or 0.08%, and in London the FTSE 100 was down 25 points to 0.33%. Meanwhile, the pan-European Euro Stoxx 50 dipped 0.10% to 0.31%, while Spain’s IBEX 35 slumped 103 points, or 1.08%.

In commodities, gold futures fell 0.19% to $1,212.10 a troy ounce, while crude oil futures increase 0.82% to $69.09 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.13% to 94.75.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.