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9/13, 3:30 PM (Source: TeleTrader)
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Wall Street opens mixed despite trade progress

United States stocks started mixed on the last day of the week as market watchers remained cautious about the prospect of further progress in the trade dispute between the US and China. Chinese media reported that some US agricultural products, including soy and pork, will be added to a list of goods that will be exempted from tariffs. In other news, the US House Judiciary Antitrust Subcommittee sent letters to several tech giants including Apple and Facebook requesting internal documents and communications on the use of their market position. Investors also awaited data on business inventories for the US and Michigan consumer sentiment due for release after the opening bell.

The Dow Jones Industrial Average was up 0.20%, the Nasdaq 100 was down 0.18% as Broadcom Corp. tumbled 3.73% and the S&P 500 was up 0.17% as DXC Technology Co. advanced 3.14% at the opening bell.

The euro strengthened 0.19% against the dollar to change hands for 1.1085 at 9:29 am ET while the British pound gained 0.97% versus the greenback to go for 1.2452 at the same time.

Breaking the News / DZ