Dow falls over 350 pts after Trump, Xi meeting news

Thursday, 07. February 2019 17:37

The Dow Jones Industrial Index briefly dropped more than 350 points on Thursday after CNBC reported it was unlikely United States President Donald Trump will probably not meet with his Chinese counterpart Xi Jinping. IBM and DowDuPont were losing most, falling 2.68% and 2.61% at 11:44 am ET.

The Nasdaq 100 lost 1.63% at 11:44 am ET, as Biogen lead the losses with a 5.28% drop at the same time. The S&P 500 traded 1.34% lower 11:45 am ET as Tapestry Inc tumbled 18.14% after missing expectations for its quarterly revenue results and issuing a profit warning.

The euro was 0.10% lower against the dollar, going for $1.13563.

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Author:
Breaking the News / MD