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US: Wall Street opens lower as trade war fears escalate

US stock indexes opened lower on Friday as renewed fears of a trade conflict between the United States and China outweighed a lower-than-expected March jobs data that eased concerns over aggressive interest rate hikes.

The Dow Jones Industrial Average fell 234.05 points, or 0.96 per cent, to 24,271.17. The S&P 500 lost 22.96 points, or 0.862237 per cent, to 2,639.88. The Nasdaq Composite dropped 78.46 points, or 1.11 per cent, to 6,998.10.

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Trump’s suddenly talking about a big new trade deal with China, but analysts say it’s just ‘pre-election hype designed to make the markets happy’

3/11/2018, 6:16 AM

President Donald Trump has suddenly suggested that the US and China could make a deal to end the trade war. But the suggestion flies in the face of recent actions by the administration — and Trump’s own words. Analysts said Trump could be simply trying to sooth investors and boost the stock market in the […]

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