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US stocks erase gains, close negative after Trump announces Friday press conference on China

1 month ago   |   By Business Insider

US stocks erased earlier gains and closed negative on Thursday after President Donald Trump announced he will hold a press conference on Friday regarding China.
The early-day gains came as investors cheered positive trends emerging in Thursday's jobless claims report.
Continuing claims contracted for the first time since early March , fueling optimism that the worst of the coronavirus economic fallout has passed.
China's approval of controversial national security laws in Hong Kong also raised concerns of a new conflict between the country and the US.
Watch major indexes update live here...
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US Pres. Trump to hold China news conference on Friday, risk-off themes will be in play

US Pres. Trump to hold China news conference on Friday, risk-off themes will be in play

1 month ago   |   By FXCM

The US President Donald Trump will hold a news conference on China this Friday. This will likely include the president's opinions on COVID-19 and China's handling of it, trade relations, currency wars and the US administration's political response to China's parliament approving a decision to go forward with national security legislation for Hong Kong. This was a move that has triggered widespread concern about democratic freedoms.
So far, we know that the US has already announced that it has cancelled visas for Chinese students with ties to military schools and that it has stripped Hong...
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