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Trump’s threats to China lower the U.S. stock market on Friday.
In April, the US stock exchanges collected large parts of the crowns this winter.
JOHN’S EISELE / AFP
published:,
This is how the main US indices develop at the opening of the stock market on the first day of trading in May:
- The S&P 500 falls 1.91 percent
- Dow Jones falls 1.71 percent
- Nasdaq falls 2.23 percent
Trump threats
The drop comes after United States President Donald Trump has threatened China with additional tariffs on Chinese imports, as he believes he has seen evidence that the coronavirus came from a laboratory in Wuhan.
Therefore, investors fear that the trade war between the two major powers will break out again, according to the US media.
Also on Thursday, the US stock exchanges. USA They fell. Then, due to the crisis numbers of the American labor market.
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oil results
Oil results were presented before the opening of the stock exchange.
Exxon Mobil lost money in the first quarter of the year, generating a deficit of $ 610 million.
This is largely due to write-downs following the collapse of the oil price. In the same period last year, Exxon posted a profit of $ 2.35 billion.
Chevron posted a surprisingly strong profit of $ 3.6 billion, equivalent to $ 1.93 per share. This happened after the company had sales of $ 31.5 billion in the quarter.
Earlier, earnings per share were expected to be $ 0.68, as well as revenue of $ 29.38 billion, according to Refinitive, writes CNBC.
The two oil reserves fell smoothly from the start on Friday.
Giants Amazon and Apple released quarterly figures after the stock market ended on Thursday. Shares fall 4.9 percent and 1.1 percent on Friday, respectively.
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