8/6, 10:31 AM (Source: TeleTrader)
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US flat to lower in premarket as tensions accumulate

The major stock market indices in the United States were flat to lower in the premarket on Thursday as the discord between the US and China intensified. The US Secretary of State Mike Pompeo blasted Beijing the day before, claiming that the Chinese Communist Party is losing support. China's Foreign Ministry responded by criticizing Washington over "unfair" treatment of the Asian country's companies and journalists, threatening the US with "strong countermeasures."

On the business side, the investors will keep a keen eye on the financial reports to be released after the session's end, as Booking, Uber, Dropbox and T-Mobile are all scheduled to reveal their quarterly earnings.

The Dow Jones Industrial Average and the S&P 500 were both flat at 4:30 am ET, while the Nasdaq 100 concurrently dropped 0.16%. The euro lost 0.06% versus the dollar, selling for $1.18534 at 4:34 am ET.

Breaking the News / BU