US exchanges open lower on fears of conflict escalation with China

At the auction on Wednesday, American stock indices generally show a decline, reacting to the likelihood of aggravation of relations between the US and China.

The Dow Jones Industrial Average (DJIA) fell 0.13% to 26805.38 points, while the S&P 500 broad market index fell 0.03% to 3256.26 points. At the same time, the NASDAQ index of high-tech companies rose by 0.28%, to 10709.84 points. The index was supported by expectations of financial statements for the last quarter of such American companies as Microsoft and Tesla included in the index. Since the beginning of the year, Tesla shares have risen in price by 3.7 times, and Microsoft – by 32%.

Investors drew attention to the news around the relationship between the United States and China. It became known that Washington ordered the closure of the PRC Consulate General in Houston in order to protect the intellectual property and personal information of Americans. In response, China is considering the likelihood of closing the US consulate in Wuhan.