NEW YORK, May 15 — Wall Street stocks fell in opening trading today following weak US retail sales data and US actions against Chinese telecoms giant Huawei that escalated tensions with Beijing. About 20 minutes into trading, the Dow Jones Industrial Average stood at 23,519.54, down 0.5 per cent....
In this file photo the US flag is seen at the New York Stock Exchange on April 30, 2020 in New York City. — AFP pic
About 20 minutes into trading, the Dow Jones Industrial Average stood at 23,519.54, down 0.5 per cent. US retail sales plunged by 16.4 per cent in April as the coronavirus pandemic forced businesses shut across the world’s largest economy, the Commerce Department said. Stocks rose strongly in April and the first week of May amid hopes for a speedy rebound from coronavirus shutdowns due in part to unprecedented fiscal spending from Washington. But equities have been under pressure this week on fears that the recovery will be slow and grinding and worries over a second wave of Covid-19.
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