5/29/2019, 3:30 PM (Source: TeleTrader)
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Wall Street opens in the red, Dow drops over 150 pts

Markets in the United States opened in the red on Wednesday as investors grew worried of uncertainty surrounding a possible trade deal between Beijing and Washington. Earlier, US President Donald Trump warned American tariffs on Chinese goods "could go up very, very substantially, very easily." Meanwhile, commenting on the Chinese tech giant Huawei, US Secretary of State Mike Pompeo said the company is "deeply connected" with the government in Beijing and "an instrument" of the politicians in power and the Communist Party.

The Dow Jones Industrial Average opened 0.68% lower. UnitedHealth and Exxon Mobil led the losses, dropping 1.11% and 1.39%, respectively. The tech-heavy Nasdaq 100 decreased 0.73% as the session started. Workday, Align Technology and American Airlines declined 3.98%, 3.08% and 2.02%, respectively. The S&P 500 was down 0.62% moments after the opening bell, trading around levels unseen in two months.

The euro lost 0.17 against the greenback, to sell for 1.1143 at 9:49 am ET.

Breaking the News / BM