6/14/2018, 10:03 PM (Source: TeleTrader)
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Wall Street closes mostly higher as trade concerns loom

Stock markets on Wall Street ended the trading session on Thursday mostly mixed, ahead of the announcement of tariffs on Chinese imports by the United States scheduled for Friday. A report from earlier in the day said that the list of products targeted has been reduced significantly, from 1,000 to between 900 and 800. Meanwhile, the European Union has reportedly approved a set of retaliatory tariffs against American goods worth €2.8 billion. In data, US business inventories grew by 0.3% in April, retail sales rose 0.8% in May and import prices climbed 0.6% in the same month. Initial jobless claims for the week ending June 9 decreased by 4,000 to 218,000. In Europe, the European Central Bank decided to leave interest rates unchanged.

The Dow Jones Industrial Index slid 0.10% in the negative territory. General Electric, JPMorgan Chase and Merck & Co were the worst performers, losing 1.80%, 1.76% and 1.65% each, respectively. The S&P 500 advanced 0.25% at the end of the trading session, pulled by Twitter, which surged 6.10%.

The Nasdaq 100 went up 1.03% at the close, reaching a new record for the index. Chinese e-commerce giant advanced 6.06%, topping the winners' list.

The euro plunged 1.73% against the dollar, selling for $1.1587 at 10:05 pm CET.

Breaking the News / NI