US stocks trade down amid trade war and Trump legal issues concerns

The United States stocks market is trading down on Thursday as investors are digesting the trade-war news and US president Donald Trump legal issues. Market sentiment is not that optimistic as it used to be in the last weeks.

New US tariffs to Chinese products started to be applied on Thursday in a new chapter of the trade war between China and the United States. Today, the US began to collect an additional 25% duties on almost 280 Chinese import products that include semiconductors, chemicals, motorbikes, electrical scooters, and plastics.

The Dow Jones is trading 0.30% down on the day after losing 76.64 points to 25,656.96. The DJIA is still 0.38% positive in the last five trading days.

DJIA Dow Jones daily chart August 23

DJIA Dow Jones daily chart August 23

The S&P 500 is losing 0.11% or 3.27 points to trade down at 2,858.55. The S&P is 0.66% positive in the last five days. The NASDAQ Composite, on the other hand, is 0.07% positive with 5.75 points gained in the day at 7,926.32. The NASDAQ is moving 1.19% positive in the last five sessions.

The majority of sectors are currently lower today in the information technology sector being the only one sector posting gains. The sector is performing 0.49% up in the day as it is extending its recent positive momentum.

Losers are the materials sector with a decline of 0.97%, the real estate with a 0.73% decline, while the financials sector is 0.59% down on the day.

In Europe, markets are red too with the DAX closing the day at 12,365.58, 20.12 points or 0.16% down on the day. The FTSE fell 11.02 points or 0.15% to finish the day at 7,563.22. The CAC is almost flat on the day at 5,419.33.

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