On the last day of the week and month and the second day of Thanksgiving, US stocks against the backdrop of thin liquidity and the limited hours they will be active point to a weaker opening. This is in the wake of President Trump’s decree allowing the United States to influence Hong Kong’s domestic politics.
Despite Beijing’s sharp criticism, the signature was put in a period in which the two super powers claimed to be extremely close to signing Phase 1. The Chinese threatened to have serious consequences against the US and demanded the law be lifted immediately.
The Nasdaq is down 21 points, the Dow Jones 54 and the S & P500 6.
Liquidity will be thin today due to the earlier closure of markets.
Retail stocks remain in focus as Black Friday launches today.
Stocks in the semiconductor sector also remain under pressure following the latest trade war news.
Gold is up 0.1%, the US dollar is also finding buyers and is up 0.1%. The WTI is down about 0.1%.
Trader Martin Nikolov