Dow cuts some losses in premarket trading

Friday, 22. May 2020 11:45

The Dow Jones recovered some of its earlier losses in premarket trading on Friday. Today's session on Wall Street comes amid heightened tensions between China and the United States.

After weeks of US President Donald Trump taking jabs at Beijing over its handling of the coronavirus pandemic, China moved to tighten its grip on Hong Kong in a move which could escalate tensions further.

The Dow was down 171 points at 5:40 am ET. At the same time, the S&P 500 lost 0.71%, while the Nasdaq 100 fell 0.83%.

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