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11/6/2019, 3:30 PM (Source: TeleTrader)
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Wall Street opens flat after reports trade deal at risk

United States equities started Wednesday's trading session following media reports the trade deal between Washington and Beijing may not be as close to being signed as previously touted by officials. Huawei Technologies Co. Ltd. founder CEO Ren Zhengfei claimed the US ban helped the company achieve higher sales growth and profits. In business news, CVS Health Corp. reported its third-quarter revenue jumped 36.5% on an annual basis. Xerox Holdings Corp. was allegedly attempting to buy HP Inc. in a cash and stock deal.

All three indexes started flat at the opening bell, only to slip bellow the flatline shortly after. On the Dow Jones Industrial Average, Walgreens Boots Alliance Inc. was the worst performer, losing 2.59%. On the Nasdaq 100, Microchip Technology Inc. fell 3.62%. The Broadridge Financial Solutions Inc. tumbled 5.32% on the S&P 500.

The euro was up 0.11% at 9:29 am ET, selling for 1.10832 dollars. The pound was flat concurrently, changing hands for $1.28794.

Breaking the News / MD