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Stocks trim opening losses as U.S. retail sales tank, trade tensions with China ratchet up

May 15, 2020


Stocks were well off their lows on Friday and fighting for altitude after data showed U.S. April retail sales plunged more than forecast and on reports the Trump administration will block shipments of semiconductors to China’s Huawei Technologies, stoking fears of renewed trade tensions as the global economy struggles to emerge from lockdowns aimed at containing the COVID-19 pandemic.

What are major indexes doing?

Major indexes were trading off early session lows, however. The Dow Jones Industrial Average DJIA, -0.33% was down 93 points, or 0.4%, at 23,523, while the S&P 500 SPX, -0.40% was off 14 points, or 0.5%, at 2,837. The Nasdaq Composite Index COMP, -0.54% traded at 8,892, down 51 points, or 0.6%.

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