Technology Stocks Faltering Late Friday as US-China Tensions Rise, Worries Over Washington COVID-19 Relief Talks

Friday, August 7, 2020 3:46 PM | MT Newswires

Technology stocks were leading the market lower Friday in late trading as tension between the US and China mounted and lawmakers in Washington have so far failed to come to an agreement on a COVID-19 economic relief package.

The Nasdaq Composite Index was down 1.1% to 10,982.76. The technology sector in the S&P 500 was off 1.7%.

The Dow Jones Industrial Average was up fractionally to 27,415.92 in late trading while the S&P 500 was near flat at 3,348.65.

Share this article:

Related Companies

Upgrade to Premium and Analyze Stocks Like a Pro

50% Off All Subscriptions
InvestorsObserver Premium
InvestorsObserver Premium
InvestorsObserver Premium
Save up to 65% with annual

InvestorsObserver Premium

$ 20.75 $ 10.38 /month
$249 $124.50 billed annually

You May Also Like

Related Articles

What do the Fundamentals Predict for Koninklijke Philips NV (PHG) Stock?

The Ensign Group, Inc. (ENSG) Stock: How Does it Score on Valuation Metrics?

Do Traders View Fulcrum Therapeutics Inc (FULC) Stock's Current Trend Positively?

Should You Buy GlaxoSmithKline plc (GSK) Stock After it Is Lower By 4.43% in a Week?

Is it Time to Dump Fluor Corporation (NEW) (FLR) Stock After it Is Lower By 6.69% in a Week?

Do Traders View Eagle Materials, Inc. (EXP) Stock's Current Trend Positively?

Related Companies