Reported 2 days ago
US stock markets saw declines on Friday as tensions between the US and China intensified, particularly concerning new tech restrictions. The S&P 500 dropped by 1%, the Nasdaq fell by 1.6%, and the Dow slipped by 0.6%. This downturn followed reports that the Trump administration plans to expand existing tech sanctions on China. Despite the market's downturn, inflation data indicated a cooling trend, with April's Personal Consumption Expenditures index showing increases in line with expectations.
Source: YAHOO