Dow Jones Industrial Average Is Down as China Could Retaliate on Trade – Barron's

Friday Fall. The three major U.S. stock market indexes dropped as China labelled President Donald Trump’s signing of bills supporting protesters in Hong Kong a “nakedly hegemonic act.” That furor is likely to further complicate trade talks between the U.S. and China on a shortened trading day, with equity markets scheduled to close at 1 p.m. ET.

The Dow Jones Industrial Average was down 102.26 points, or 0.4%, to 28,061.74. The S&P 500 and the Nasdaq Composite were both down 0.3%.

Midday Movers

The price of crude oil fell more than 4% with the resignation of the Iraq Prime Minister, dragging down energy stocks with it: Helmerich & Payne (ticker: HP) lost 3.8%; TechnipFMC (FTI) lost 3.7%; Apache (APA) lost 3.2%; Devon Energy (DNV) lost 2.7%; Marathon Oil (MRO) lost 2.5%; EOG Resources (EOG) lost 2.2%; Noble Energy (NBL) lost 2.1%; Halliburton (HAL) lost 2.1%.

Natural-gas prices also fell, sending NRG Energy (NRG) 1.8% higher.

Write to Ben Walsh at [email protected]

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